Lundin Mining (TSE:LUN) Given New C$14.50 Price Target at Morgan Stanley

Lundin Mining (TSE:LUN) had its price objective lifted by Morgan Stanley from C$13.70 to C$14.50 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other equities analysts have also commented on LUN. BMO Capital Markets raised Lundin Mining to a “strong-buy” rating in a research report on Friday, June 6th. Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the company a “sector perform” rating in a research report on Thursday, June 19th. JPMorgan Chase & Co. downgraded Lundin Mining from an “overweight” rating to a “neutral” rating and raised their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. UBS Group downgraded Lundin Mining from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$13.50 to C$13.00 in a report on Friday, May 2nd. Finally, Scotiabank raised their price target on Lundin Mining from C$14.50 to C$16.00 in a report on Monday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$19.09.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$15.01 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market capitalization of C$9.17 billion, a P/E ratio of 29.79, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a fifty day simple moving average of C$14.38 and a two-hundred day simple moving average of C$12.87. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$16.07.

Insider Buying and Selling

In other Lundin Mining news, insider Nemesia S.a.r.l. acquired 900,000 shares of Lundin Mining stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. Insiders own 15.70% of the company’s stock.

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.