Lundin Mining Co. (TSE:LUN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$16.46.

Several analysts recently issued reports on the stock. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. National Bankshares upped 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. Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Morgan Stanley dropped their target price on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday. Finally, Jefferies Financial Group reduced their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th.

Lundin Mining Trading Up 13.4 %

Shares of LUN opened at C$10.40 on Friday. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$17.97. The stock has a market cap of C$6.36 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm’s fifty day moving average is C$11.90 and its two-hundred day moving average is C$12.84. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insider Activity at Lundin Mining

In related news, insider Nemesia S.a.r.l. bought 2,000,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were 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 purchased 150,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is owned by 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.