National Bankshares Issues Pessimistic Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective reduced by National Bankshares from C$17.50 to C$15.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would indicate a potential upside of 46.78% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Morgan Stanley lowered their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. 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 research report on Thursday, January 16th. UBS Group cut their price objective on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group dropped their price target on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.14.

Lundin Mining Trading Down 1.7 %

TSE:LUN opened at C$10.56 on Wednesday. The firm has a market capitalization of C$6.45 billion, a P/E ratio of 20.96, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a fifty day moving average of C$11.72 and a 200 day moving average of C$12.71. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$17.97.

Insider Buying and Selling at Lundin Mining

In related news, Director Adam Ian Lundin purchased 150,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price 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 Lundin Mining 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. 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.