Brokerages Set Lundin Mining Co. (TSE:LUN) PT at C$17.09

Lundin Mining Co. (TSE:LUN) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$17.09.

Several analysts have issued reports on LUN shares. Stifel Nicolaus decreased 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 note on Thursday, January 30th. National Bankshares raised their price target on 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. UBS Group dropped their price objective on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Lundin Mining Trading Up 2.0 %

Shares of LUN opened at C$9.69 on Friday. Lundin Mining has a twelve month low of C$9.09 and a twelve month high of C$17.97. 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’s fifty day simple moving average is C$12.05 and its 200-day simple moving average is C$12.92. The company has a market cap of C$5.92 billion, a P/E ratio of 19.23, a P/E/G ratio of -0.26 and a beta of 1.66.

Insider Transactions at Lundin Mining

In related news, insider Nemesia S.a.r.l. bought 2,000,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were bought 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 purchased 150,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Corporate insiders own 15.70% of the company’s stock.

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.