Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$16.25.

A number of equities research analysts recently issued reports on LUN shares. Raymond James Financial boosted their price objective on Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from C$15.30 to C$15.60 in a research note on Thursday, July 10th. Desjardins set a C$17.00 price objective on Lundin Mining and gave the company a “buy” rating in a research note on Thursday, June 19th. National Bankshares boosted their price objective on Lundin Mining from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Finally, Scotiabank boosted their price objective on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th.

Lundin Mining Trading Up 0.8%

TSE LUN opened at C$15.89 on Tuesday. The stock has a market capitalization of C$13.60 billion, a price-to-earnings ratio of -529.67, a PEG ratio of -0.26 and a beta of 1.54. Lundin Mining has a one year low of C$8.94 and a one year high of C$16.07. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The business’s fifty day moving average is C$14.68 and its 200-day moving average is C$13.09.

Insider Transactions at Lundin Mining

In other news, insider Nemesia S.a.r.l. acquired 900,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. Corporate 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.