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

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by equities researchers at Desjardins to a "moderate buy" rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on LUN. Stifel Nicolaus dropped their price target on Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Raymond James dropped their target price on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a research report on Thursday, January 16th. UBS Group cut 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 lifted their price objective on shares of Lundin Mining from C$17.00 to C$17.50 and gave the stock an "outperform" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Seven equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$17.09.

Lundin Mining Stock Up 2.0 %

Shares of LUN stock traded up C$0.19 during trading hours on Thursday, reaching C$9.69. 3,426,402 shares of the company's stock were exchanged, compared to its average volume of 2,655,206. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company has a market cap of C$5.92 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a fifty-two week low of C$9.09 and a fifty-two week high of C$17.97. The stock's 50 day moving average is C$12.10 and its 200-day moving average is C$12.95.

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Insiders Place Their Bets

In other Lundin Mining news, Director Adam Ian Lundin purchased 150,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased 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. purchased 2,000,000 shares of Lundin Mining stock in a transaction that occurred on 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. 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.