Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$15.78.

Several research analysts recently commented on the stock. Desjardins upgraded shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. 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 report on Thursday, March 6th. TD Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 price objective for the company in a report on Tuesday, April 15th. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets upgraded Lundin Mining to a “strong-buy” rating in a research note on Friday, June 6th.

Insider Activity

In related news, insider Nemesia S.a.r.l. bought 900,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. Insiders have acquired 3,070,000 shares of company stock worth $37,265,934 in the last ninety days. Company insiders own 15.70% of the company’s stock.

Lundin Mining Stock Up 1.7%

Lundin Mining stock opened at C$14.03 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The firm has a market cap of C$8.57 billion, a P/E ratio of 27.84, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a fifty day moving average of C$12.43 and a two-hundred day moving average of C$12.29. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$16.31.

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.