National Bankshares Cuts Lundin Mining (TSE:LUN) Price Target to C$15.50

Lundin Mining (TSE:LUN) had its target price lowered by analysts at National Bankshares from C$17.50 to C$15.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would indicate a potential upside of 45.00% from the company’s previous close.

Other analysts also recently issued research reports about the company. 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. UBS Group reduced their target price on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, TD Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 target price on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.14.

Lundin Mining Stock Performance

Shares of LUN traded down C$0.03 during trading hours on Wednesday, reaching C$10.69. 1,371,496 shares of the company traded hands, compared to its average volume of 2,729,466. 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 stock’s fifty day moving average is C$11.79 and its 200 day moving average is C$12.76. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$17.97. The stock has a market cap of C$6.53 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Insider Buying and Selling

In related news, Director Adam Ian Lundin purchased 150,000 shares of Lundin Mining stock in a transaction dated 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. Also, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average cost of C$11.35 per share, with a total value 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.