Lundin Mining Co. (TSE:LUN - Get Free Report) hit 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 changing hands. The stock had previously closed at C$11.81.
Wall Street Analysts Forecast Growth
LUN has been the topic of a number of analyst reports. Scotiabank lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. UBS Group decreased their price target on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus lowered their price objective on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Seven 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.09.
Read Our Latest Stock Report on Lundin Mining
Lundin Mining Price Performance
The business has a fifty day moving average of C$12.05 and a 200-day moving average of C$12.92. 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 firm has a market cap of C$5.98 billion, a PE ratio of 19.43, a PEG ratio of -0.26 and a beta of 1.66.
Insider Buying and Selling
In related news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was bought 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 purchased 150,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. 15.70% of the stock is owned by company insiders.
About Lundin Mining
(
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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.
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