Morgan Stanley Lowers Lundin Mining (TSE:LUN) Price Target to C$12.00

Lundin Mining (TSE:LUN - Free Report) had its price target lowered by Morgan Stanley from C$14.80 to C$12.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on LUN. UBS Group reduced their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. The Goldman Sachs Group set a C$16.60 price objective on shares of Lundin Mining and gave the stock a "buy" rating in a report on Thursday, March 6th. Stifel Nicolaus cut their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. National Bankshares raised their price target on Lundin Mining from C$17.00 to C$17.50 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group cut their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$16.46.

Lundin Mining Stock Up 3.5 %

Lundin Mining stock traded up C$0.36 during mid-day trading on Wednesday, hitting C$10.59. 2,586,308 shares of the company's stock were exchanged, compared to its average volume of 2,748,119. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$17.97. The stock has a 50 day moving average of C$11.84 and a two-hundred day moving average of C$12.80. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The stock has a market cap of C$6.47 billion, a P/E ratio of 21.02, a P/E/G ratio of -0.26 and a beta of 1.66.

Insiders Place Their Bets

In related news, Director Adam Ian Lundin acquired 150,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of C$10.82 per share, with a total value of C$1,623,000.00. Also, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$11.35 per share, with a total value of C$22,700,000.00. Corporate insiders own 15.70% of the company's stock.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.