Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$17.98.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. Ventum Financial lifted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and decreased their target price for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Eight Capital raised their price target on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Finally, CIBC boosted their price objective on Lundin Mining from C$16.00 to C$17.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th.
Read Our Latest Stock Report on Lundin Mining
Insiders Place Their Bets
In related news, Director Jack Oliver Lundin acquired 65,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of C$12.55 per share, with a total value of C$815,854.00. Company insiders own 15.70% of the company's stock.
Lundin Mining Price Performance
Shares of LUN stock traded down C$0.19 during mid-day trading on Wednesday, reaching C$13.65. The company's stock had a trading volume of 2,932,391 shares, compared to its average volume of 2,367,059. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The firm's 50-day moving average is C$13.63 and its two-hundred day moving average is C$14.54. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$17.97. The company has a market cap of C$10.60 billion, a P/E ratio of 49.43, a PEG ratio of -0.26 and a beta of 1.66.
Lundin Mining Company Profile
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Get Free ReportLundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.
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