Lundin Mining Co. (TSE:LUN) Director Purchases C$1,623,000.00 in Stock

Lundin Mining Co. (TSE:LUN) Director Adam Ian Lundin acquired 150,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of C$10.82 per share, for a total transaction of C$1,623,000.00.

Lundin Mining Stock Down 10.5 %

Shares of Lundin Mining stock opened at C$9.50 on Friday. Lundin Mining Co. has a twelve month low of C$9.33 and a twelve month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company’s 50 day moving average is C$12.10 and its 200 day moving average is C$12.94. The company has a market cap of C$5.81 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Analyst Ratings Changes

Several research firms recently weighed in on LUN. The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. National Bankshares boosted their price target on Lundin Mining from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. UBS Group dropped their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$17.09.

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.