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

Lundin Mining Co. (TSE:LUN) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$16.46.

Several research analysts have recently weighed in on the stock. Raymond James reduced their price target on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. National Bankshares increased their target price on Lundin Mining from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. Stifel Nicolaus cut their price target on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group reduced their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Finally, Desjardins raised Lundin Mining to a “moderate buy” rating in a research report on Thursday, April 3rd.

Insider Buying and Selling at Lundin Mining

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

Lundin Mining Price Performance

Shares of LUN opened at C$10.23 on Friday. 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 has a 52-week low of C$8.94 and a 52-week high of C$17.97. The stock has a 50 day simple moving average of C$11.84 and a 200 day simple moving average of C$12.80. The firm has a market capitalization of C$6.25 billion, a PE ratio of 20.30, a P/E/G ratio of -0.26 and a beta of 1.66.

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.