Lundin Mining (TSE:LUN) Given New C$15.50 Price Target at National Bankshares

Lundin Mining (TSE:LUN - Free Report) had its price objective lowered by National Bankshares from C$17.50 to C$15.50 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.

A number of other brokerages have also recently commented on LUN. Desjardins raised Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. TD Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target for the company in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group set a C$16.60 price objective on Lundin Mining and gave the stock a "buy" rating in a report on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus target price of C$16.14.

Lundin Mining Trading Up 0.9 %

Shares of LUN stock traded up C$0.10 on Wednesday, hitting C$10.66. 2,116,233 shares of the company's stock traded hands, compared to its average volume of 2,732,370. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock has a market capitalization of C$6.51 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of -0.26 and a beta of 1.66. The company's fifty day simple moving average is C$11.69 and its 200 day simple moving average is C$12.68. Lundin Mining has a one year low of C$8.94 and a one year high of C$17.97.

Insider Buying and Selling

In other Lundin Mining news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. Also, Director Adam Ian Lundin bought 150,000 shares of Lundin Mining stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is currently owned by company insiders.

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.