Lundin Mining (TSE:LUN) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Lundin Mining (TSE:LUN) to a moderate buy rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Raymond James cut their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. National Bankshares increased their price target on shares of Lundin Mining from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group reduced their price objective on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Finally, Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$17.09.

Lundin Mining Trading Down 10.5 %

LUN stock opened at C$9.50 on Thursday. 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 stock has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a fifty day moving average price of C$12.10 and a 200 day moving average price of C$12.94. Lundin Mining has a fifty-two week low of C$9.33 and a fifty-two week high of C$17.97.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Adam Ian Lundin bought 150,000 shares of Lundin Mining stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$10.82 per share, for a total transaction of C$1,623,000.00. Insiders own 15.70% of the company’s stock.

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.