Lundin Mining Co. (TSE:LUN – Get Free Report) Director Adam Ian Lundin bought 150,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of C$10.82 per share, with a total value of C$1,623,000.00.
Lundin Mining Price Performance
TSE LUN opened at C$9.50 on Friday. Lundin Mining Co. has a 12-month low of C$9.33 and a 12-month high of C$17.97. The firm’s fifty day simple moving average is C$12.10 and its two-hundred day simple moving average is C$12.95. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market capitalization of C$5.81 billion, a P/E ratio of 18.85, a P/E/G ratio of -0.26 and a beta of 1.66.
Analyst Ratings Changes
Several brokerages recently issued reports on LUN. The Goldman Sachs Group set a C$16.60 price objective on Lundin Mining and gave the stock a “buy” rating in a research note on Thursday, March 6th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a report on Thursday. UBS Group lowered their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.
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