Lundin Mining (TSE:LUN) Rating Increased to Buy at TD Securities

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by TD Securities from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a C$13.00 price target on the mining company's stock. TD Securities' price objective points to a potential upside of 23.11% from the stock's previous close.

Several other equities research analysts have also issued reports on LUN. Raymond James dropped their price objective on shares of 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. Scotiabank lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Jefferies Financial Group cut their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$16.14.

Lundin Mining Trading Down 1.7 %

Shares of Lundin Mining stock traded down C$0.18 during trading hours on Tuesday, reaching C$10.56. 1,780,486 shares of the company's stock were exchanged, compared to its average volume of 2,740,585. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$17.97. The company has a fifty day moving average of C$11.69 and a 200-day moving average of C$12.68. The firm has a market capitalization of C$6.45 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

Insider Activity

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