Lundin Mining (TSE:LUN) Upgraded at Canaccord Genuity Group

Lundin Mining (TSE:LUN) was upgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on LUN. Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Morgan Stanley lowered their price target on Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. TD Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research report on Tuesday. Finally, UBS Group reduced their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.14.

Lundin Mining Stock Down 1.7 %

Lundin Mining stock opened at C$10.56 on Wednesday. The firm has a market capitalization of C$6.45 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm’s fifty day moving average price is C$11.72 and its two-hundred day moving average price is C$12.71. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$17.97. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

Insiders Place Their Bets

In other news, Director Adam Ian Lundin purchased 150,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Also, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. Company insiders own 15.70% of the company’s stock.

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.