Lundin Mining (TSE:LUN) Hits New 52-Week Low - Should You Sell?

Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$10.83 and last traded at C$10.98, with a volume of 1269761 shares trading hands. The stock had previously closed at C$11.81.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. Jefferies Financial Group dropped their target price on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. UBS Group reduced their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. National Bankshares upped their price objective on shares of Lundin Mining from C$17.00 to C$17.50 and gave the company an "outperform" rating in a report on Wednesday, April 2nd. Finally, Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$17.09.

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a fifty day moving average of C$11.95 and a 200 day moving average of C$12.88. The stock has a market cap of C$5.60 billion, a price-to-earnings ratio of 18.20, a PEG ratio of -0.26 and a beta of 1.66.

Insider Activity at Lundin Mining

In related news, Director Adam Ian Lundin purchased 150,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$10.82 per share, for a total transaction of C$1,623,000.00. Also, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. 15.70% of the stock is currently owned by insiders.

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.