Lundin Mining (TSE:LUN) Upgraded to "Moderate Buy" at Desjardins

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by research analysts at Desjardins to a "moderate buy" rating in a research report issued to clients and investors on Thursday, April 3rd,Zacks.com reports.

A number of other research firms also recently issued reports on LUN. UBS Group reduced their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. National Bankshares boosted their target price on Lundin Mining from C$17.00 to C$17.50 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. 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. Jefferies Financial Group cut their price objective on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the company a "buy" rating in a report on Thursday, March 6th. Six investment 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's stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.46.

Lundin Mining Trading Down 8.9 %

Shares of TSE LUN traded down C$0.93 during mid-day trading on Thursday, reaching C$9.47. 1,569,415 shares of the company's stock were exchanged, compared to its average volume of 2,711,976. The firm has a market capitalization of C$5.79 billion, a price-to-earnings ratio of 18.79, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$17.97. The company's 50-day moving average is C$11.90 and its 200-day moving average is C$12.84. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Insider Activity

In other Lundin Mining news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Company insiders own 15.70% of the company's stock.

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.