Lundin Mining Co. (TSE:LUN - Get Free Report) insider Nemesia S.a.r.l. bought 2,000,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00.
Lundin Mining Trading Up 7.6 %
Shares of Lundin Mining stock traded up C$0.72 during trading on Friday, reaching C$10.23. The company's stock had a trading volume of 3,314,654 shares, compared to its average volume of 2,750,398. The company has a market cap of C$6.25 billion, a price-to-earnings ratio of 20.30, a PEG ratio of -0.26 and a beta of 1.66. The firm's 50-day moving average is C$11.84 and its two-hundred day moving average is C$12.80. Lundin Mining Co. has a 52-week low of C$8.94 and a 52-week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Scotiabank lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$16.46.
View Our Latest Stock Report on LUN
About Lundin Mining
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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.
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