Lundin Mining Co. (TSE:LUN) Receives Average Rating of "Moderate Buy" from Analysts

Lundin Mining Co. (TSE:LUN - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$16.46.

A number of brokerages have issued reports on LUN. Stifel Nicolaus decreased their price target on Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Raymond James decreased their target price 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. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. UBS Group cut their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Finally, Scotiabank lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th.

Insider Transactions at Lundin Mining

In other news, Director Adam Ian Lundin purchased 150,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were 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 the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased 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.

Lundin Mining Stock Performance

Shares of LUN stock traded up C$1.23 on Friday, hitting C$10.40. The company had a trading volume of 6,458,816 shares, compared to its average volume of 2,734,669. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$17.97. 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 firm has a market cap of C$6.36 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a 50-day moving average price of C$11.95 and a 200-day moving average price of C$12.88.

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.