Lundin Mining Co. (TSE:LUN) Director Adam Ian Lundin Buys 150,000 Shares

Lundin Mining Co. (TSE:LUN) Director Adam Ian Lundin bought 150,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of C$10.82 per share, with a total value of C$1,623,000.00.

Lundin Mining Stock Down 10.5 %

Shares of TSE:LUN opened at C$9.50 on Friday. The firm has a market capitalization of C$5.81 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining Co. has a 52-week low of C$9.33 and a 52-week high of C$17.97. The firm has a fifty day moving average of C$12.10 and a 200 day moving average of C$12.94.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LUN shares. Raymond James reduced their price objective 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. Scotiabank cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. UBS Group cut their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the company a “buy” rating in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.09.

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.