Nemesia S.a.r.l. Acquires 900,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. bought 900,000 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of C$14.10 per share, for a total transaction of C$12,690,000.00.

Nemesia S.a.r.l. also recently made the following trade(s):

• On Thursday, April 3rd, Nemesia S.a.r.l. purchased 2,000,000 shares of Lundin Mining stock. The stock was acquired at an average cost of C$11.35 per share, with a total value of C$22,700,000.00.

Lundin Mining Price Performance

Shares of TSE LUN traded up C$0.31 during trading on Monday, reaching C$14.22. The company had a trading volume of 657,151 shares, compared to its average volume of 2,655,597. Lundin Mining Co. has a 52 week low of C$8.94 and a 52 week high of C$16.31. The business’s 50 day moving average price is C$12.19 and its 200-day moving average price is C$12.27. The stock has a market cap of C$8.69 billion, a PE ratio of 28.22, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Analyst Ratings Changes

LUN has been the topic of a number of recent research reports. Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. BMO Capital Markets raised Lundin Mining to a “strong-buy” rating in a research note on Friday, June 6th. Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Morgan Stanley cut their price objective on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Finally, Desjardins upgraded shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$15.65.

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.