Nemesia S.a.r.l. Buys 2,000,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. acquired 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of C$11.35 per share, with a total value of C$22,700,000.00.

Lundin Mining Stock Performance

Shares of LUN opened at C$9.17 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 cap of C$5.60 billion, a PE ratio of 18.20, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining Co. has a 12 month low of C$9.07 and a 12 month high of C$17.97. The stock has a fifty day moving average price of C$11.95 and a 200-day moving average price of C$12.88.

Analyst Ratings Changes

Several analysts have recently weighed in on LUN shares. The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a “buy” rating in a research report on Thursday, March 6th. Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. National Bankshares upped their target price on shares of 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 raised shares of Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Raymond James lowered their price target 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. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$17.09.

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.