Lundin Mining Co. (TSE:LUN – Get Rating) has received an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$12.51.
LUN has been the subject of a number of recent research reports. Barclays raised their target price on shares of Lundin Mining from C$10.00 to C$12.00 and gave the company an “equal weight” rating in a report on Thursday, April 21st. CSFB reduced their target price on shares of Lundin Mining from C$11.50 to C$9.50 in a report on Tuesday, June 28th. Stifel Nicolaus raised shares of Lundin Mining to a “buy” rating and set a C$14.00 price target for the company in a report on Friday, April 29th. Raymond James set a C$16.00 price objective on Lundin Mining and gave the stock a “market perform” rating in a research note on Thursday, April 28th. Finally, Scotiabank lowered their price objective on Lundin Mining from C$13.00 to C$10.00 in a research note on Thursday.
In other news, insider Nemesia S.a.r.l. bought 370,100 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was acquired at an average cost of C$11.03 per share, with a total value of C$4,081,351.77. Following the transaction, the insider now directly owns 96,671,898 shares in the company, valued at approximately C$1,066,068,689.57. Also, Senior Officer Annie Laurenson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$55,000.00. Following the transaction, the insider now directly owns 43,333 shares in the company, valued at approximately C$238,331.50. Insiders acquired a total of 1,730,100 shares of company stock worth $17,341,152 over the last 90 days.
Shares of Lundin Mining stock opened at C$7.92 on Friday. Lundin Mining has a twelve month low of C$7.17 and a twelve month high of C$14.00. The company has a quick ratio of 1.69, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of C$10.00 and a 200-day moving average price of C$11.11. The firm has a market cap of C$6.17 billion and a price-to-earnings ratio of 4.50.
Lundin Mining (TSE:LUN – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The mining company reported C$0.51 EPS for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.10. The firm had revenue of C$1.26 billion for the quarter. On average, equities analysts expect that Lundin Mining will post 11.1000002 EPS for the current fiscal year.
About Lundin Mining (Get Rating)
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.