Lundin Mining (TSE:LUN) Given New C$14.00 Price Target at Scotiabank

Lundin Mining (TSE:LUN) had its price target lifted by Scotiabank from C$13.00 to C$14.00 in a research note released on Monday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other research analysts have also recently issued reports on LUN. Canaccord Genuity Group raised shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. TD Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 target price for the company in a report on Tuesday, April 15th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$15.88.

Lundin Mining Trading Down 1.5 %

Shares of TSE:LUN opened at C$11.49 on Monday. The business has a 50-day moving average price of C$11.55 and a 200-day moving average price of C$12.45. The stock has a market cap of C$7.02 billion, a price-to-earnings ratio of 22.80, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insider Transactions at Lundin Mining

In other Lundin Mining news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased 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 purchased 150,000 shares of the company’s 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. Insiders own 15.70% of the company’s stock.

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.