Lundin Mining (TSE:LUN - Get Free Report) had its price target lifted by equities researchers at Scotiabank from C$13.00 to C$14.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. Scotiabank's price objective would suggest a potential upside of 17.35% from the company's previous close.
A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus lowered their target price on Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from C$13.50 to C$13.00 in a report on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Raymond James reduced their target price on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research note on Thursday, January 16th. Finally, Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.88.
Read Our Latest Analysis on Lundin Mining
Lundin Mining Stock Up 2.2 %
Lundin Mining stock traded up C$0.26 during trading on Monday, hitting C$11.93. 1,773,210 shares of the company were exchanged, compared to its average volume of 2,687,297. The business's 50 day moving average is C$11.58 and its 200 day moving average is C$12.40. The company has a market capitalization of C$7.29 billion, a P/E ratio of 23.68, a PEG ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$17.97.
Insiders Place Their Bets
In other news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price 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 the stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of C$10.82 per share, with a total value of C$1,623,000.00. Company insiders own 15.70% of the company's stock.
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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