Lundin Mining Co. (TSE:LUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$15.85.

A number of brokerages have weighed in on LUN. UBS Group lowered Lundin Mining from a “buy” rating to a “neutral” rating and decreased their target price for the stock from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Scotiabank upped their price objective on shares of Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Desjardins set a C$17.00 price target on shares of Lundin Mining and gave the stock a “buy” rating in a report on Thursday, June 19th. Finally, Royal Bank Of Canada set a C$16.00 price target on shares of Lundin Mining and gave the stock a “sector perform” rating in a report on Thursday, June 19th.

Lundin Mining Trading Up 0.5%

Lundin Mining stock opened at C$13.73 on Thursday. The stock has a market cap of C$8.39 billion, a P/E ratio of 27.25, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$16.31. The firm’s fifty day moving average price is C$12.64 and its 200-day moving average price is C$12.27. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Insider Activity

In other news, Director Adam Ian Lundin bought 150,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Also, insider Nemesia S.a.r.l. bought 2,000,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. Over the last three months, insiders have purchased 3,070,000 shares of company stock valued at $37,265,934. 15.70% of the stock is currently 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.