Lundin Mining Co. (TSE:LUN) Director Buys C$1,623,000.00 in Stock

Lundin Mining Co. (TSE:LUN - Get Free Report) Director Adam Ian Lundin purchased 150,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of C$10.82 per share, with a total value of C$1,623,000.00.

Lundin Mining Stock Performance

Shares of TSE LUN traded up C$0.26 during mid-day trading on Wednesday, hitting C$9.43. The company had a trading volume of 2,314,235 shares, compared to its average volume of 2,670,425. The business's 50-day simple moving average is C$11.95 and its 200-day simple moving average is C$12.88. The firm has a market cap of C$5.76 billion, a P/E ratio of 18.71, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining Co. has a 12 month low of C$8.94 and a 12 month high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LUN. Raymond James lowered their target price on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a research note on Thursday, January 16th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Jefferies Financial Group cut their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.