Adam Ian Lundin Buys 150,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN) Director Adam Ian Lundin purchased 150,000 shares of Lundin Mining stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$10.82 per share, with a total value of C$1,623,000.00.

Lundin Mining Stock Down 10.5 %

Shares of LUN opened at C$9.50 on Friday. The business’s 50 day simple moving average is C$12.10 and its 200-day simple moving average is C$12.95. Lundin Mining Co. has a 1 year low of C$9.33 and a 1 year high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LUN shares. Stifel Nicolaus reduced their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Jefferies Financial Group decreased their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Raymond James dropped their target price 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 raised their price target on Lundin Mining from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and an average target price of C$17.09.

About Lundin Mining

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.