Lundin Mining Co. (TSE:LUN) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$8.69.
Several equities analysts recently commented on LUN shares. Cormark increased their target price on shares of Lundin Mining from C$10.00 to C$10.50 in a report on Tuesday, July 23rd. BMO Capital Markets reduced their target price on shares of Lundin Mining from C$8.50 to C$7.50 in a report on Thursday, September 26th. Haywood Securities reduced their target price on shares of Lundin Mining from C$9.50 to C$8.50 in a report on Monday, September 9th. TD Securities reduced their target price on shares of Lundin Mining from C$9.00 to C$8.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lundin Mining from C$9.00 to C$8.50 in a report on Friday, July 26th.
Shares of TSE:LUN traded up C$0.04 during trading on Thursday, reaching C$7.55. The company had a trading volume of 2,561,300 shares, compared to its average volume of 2,315,558. The company has a fifty day moving average of C$6.65 and a two-hundred day moving average of C$6.61. The stock has a market capitalization of $5.39 billion and a P/E ratio of 55.93. Lundin Mining has a 12 month low of C$5.11 and a 12 month high of C$7.96. The company has a current ratio of 1.38, a quick ratio of 0.91 and a debt-to-equity ratio of 8.80.
In other Lundin Mining news, Senior Officer Stephen Trelawney Gatley sold 44,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$6.89, for a total value of C$303,160.00. Following the sale, the insider now owns 98,000 shares of the company’s stock, valued at approximately C$675,220.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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