Lundin Mining (TSE:LUN) Upgraded at Desjardins

Desjardins upgraded shares of Lundin Mining (TSE:LUN) to a moderate buy rating in a report published on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Raymond James cut their price objective on 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. UBS Group reduced their price objective on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Stock Performance

TSE LUN opened at C$9.50 on Thursday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$9.33 and a 1-year high of C$17.97. The firm has a market capitalization of C$5.81 billion, a P/E ratio of 18.85, a P/E/G ratio of -0.26 and a beta of 1.66. The business’s 50-day simple moving average is C$12.10 and its 200-day simple moving average is C$12.95.

Insider Buying and Selling

In other news, Director Adam Ian Lundin purchased 150,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. 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.