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

Shares of Lundin Mining Co. (TSE:LUN) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$17.98.

Several equities research analysts recently weighed in on LUN shares. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and cut their price objective for the company from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Royal Bank of Canada reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Haywood Securities upgraded shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a report on Tuesday, August 6th. Eight Capital lifted their target price on Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. Finally, National Bankshares cut their price objective on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research note on Monday, July 15th.

Insider Buying and Selling

In related news, Director Jack Oliver Lundin purchased 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is currently owned by corporate insiders.

Lundin Mining Trading Up 1.2 %

Shares of LUN opened at C$13.84 on Wednesday. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The firm has a market cap of C$10.75 billion, a price-to-earnings ratio of 49.43, a PEG ratio of -0.26 and a beta of 1.66. The business’s fifty day moving average is C$13.63 and its 200-day moving average is C$14.54.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.