Lundin Mining Co. (TSE:LUN) Given Average Recommendation of “Moderate Buy” by Brokerages

Lundin Mining Co. (TSE:LUN) has been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$16.46.

A number of equities research analysts have weighed in on LUN shares. Stifel Nicolaus decreased their price objective 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. Morgan Stanley decreased their price target on Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday. Jefferies Financial Group lowered their price target on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Raymond James cut their price objective on 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. Finally, Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th.

Lundin Mining Price Performance

TSE: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. The company has a 50-day moving average of C$11.84 and a 200-day moving average of C$12.80. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$17.97. The company has a market capitalization of C$6.25 billion, a price-to-earnings ratio of 20.30, a PEG ratio of -0.26 and a beta of 1.66.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Adam Ian Lundin purchased 150,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired 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. acquired 2,000,000 shares of Lundin Mining stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. Corporate 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.