Brokerages Set Lundin Mining Co. (TSE:LUN) Target Price at C$17.09

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$17.09.

Several research firms have recently commented on LUN. National Bankshares raised their price objective on Lundin Mining from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. Raymond James reduced their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lowered their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Lundin Mining Trading Up 2.0 %

TSE:LUN opened at C$9.69 on Friday. The firm has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. 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 business has a fifty day moving average price of C$12.05 and a 200-day moving average price of C$12.92. Lundin Mining has a one year low of C$9.09 and a one year high of C$17.97.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Adam Ian Lundin purchased 150,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price 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 shares were bought at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. 15.70% of the stock is currently owned by company insiders.

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.