Lundin Mining Co. (TSE:LUN) insider Stephen Trelawney Gatley sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$8.47, for a total transaction of C$1,016,400.00.
Shares of Lundin Mining stock traded down C$0.20 during mid-day trading on Thursday, hitting C$8.86. 3,340,715 shares of the stock were exchanged, compared to its average volume of 2,715,261. Lundin Mining Co. has a fifty-two week low of C$6.62 and a fifty-two week high of C$10.22. The stock has a market cap of $6,460.00, a P/E ratio of 13.42 and a beta of 1.40.
Lundin Mining (TSE:LUN) last issued its earnings results on Thursday, February 15th. The mining company reported C$0.23 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.06. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%. The business had revenue of C$677.33 million for the quarter.
A number of equities analysts have weighed in on LUN shares. Handelsbanken downgraded shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their price target on shares of Lundin Mining from C$9.50 to C$10.00 in a research note on Monday, December 18th. Morgan Stanley cut their price target on shares of Lundin Mining from C$7.20 to C$6.10 in a research note on Tuesday, December 5th. CSFB increased their price target on shares of Lundin Mining from C$8.75 to C$11.50 and gave the stock a “neutral” rating in a research note on Monday, December 4th. Finally, CIBC downgraded shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$9.30.
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Lundin Mining Company Profile
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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