Lundin Mining (TSE:LUN) Stock Price Up 1.1% on Insider Buying Activity

Lundin Mining Co. (TSE:LUN - Get Free Report) traded up 1.1% during mid-day trading on Monday following insider buying activity. The company traded as high as C$10.06 and last traded at C$9.60. 851,212 shares traded hands during trading, a decline of 67% from the average session volume of 2,607,199 shares. The stock had previously closed at C$9.50.

Specifically, insider Nemesia S.a.r.l. acquired 2,000,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The shares were 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 acquired 150,000 shares of the firm's 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LUN shares. Raymond James cut their price target 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. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their target price on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Scotiabank cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group set a C$16.60 price objective on shares of Lundin Mining and gave the company a "buy" rating in a research note on Thursday, March 6th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$16.46.

Lundin Mining Stock Up 7.6 %

The company has a market cap of C$6.25 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock's fifty day moving average is C$11.84 and its two-hundred day moving average is C$12.80.

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.