Lundin Mining (TSE:LUN) Trading 1.1% Higher on Insider Buying Activity

Lundin Mining Co. (TSE:LUN) shares traded up 1.1% during 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 mid-day 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 that occurred on Thursday, April 3rd. The stock was acquired at an average cost 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 business’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of C$10.82 per share, with a total value of C$1,623,000.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective 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. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a report on Thursday, April 3rd. Jefferies Financial Group cut their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, 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 for the company in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Trading Up 2.0 %

The stock has a fifty day moving average of C$12.05 and a two-hundred day moving average of C$12.92. The company has a market capitalization of C$5.92 billion, a PE ratio of 19.23, a PEG 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.

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.