Lundin Mining (TSE:LUN) Price Target Raised to C$18.00

Lundin Mining (TSE:LUN) had its target price raised by TD Securities from C$16.00 to C$18.00 in a research report report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

Several other analysts also recently commented on the stock. Desjardins set a C$17.00 target price on shares of Lundin Mining and gave the stock a “buy” rating in a report on Thursday, June 19th. Dnb Nor Markets upgraded shares of Lundin Mining to a “hold” rating in a report on Tuesday, June 17th. BMO Capital Markets upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Friday, June 6th. Canaccord Genuity Group upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. Finally, Raymond James Financial lifted their price objective on shares of Lundin Mining from C$43.00 to C$53.00 in a report on Tuesday, July 29th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.90.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$15.92 on Friday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market capitalization of C$9.73 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company’s 50 day moving average price is C$14.15 and its two-hundred day moving average price is C$12.68. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$15.99.

Insider Buying and Selling

In other news, insider Nemesia S.a.r.l. bought 900,000 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of C$12.65 per share, for a total transaction of C$252,934.00. 15.70% of the stock is currently owned by corporate insiders.

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.