Desjardins Upgrades Lundin Mining (TSE:LUN) to “Moderate Buy”

Lundin Mining (TSE:LUN) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group cut their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. UBS Group decreased their price objective on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Raymond James cut their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Trading Down 10.5 %

LUN stock opened at C$9.50 on Thursday. The stock 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. The company has a fifty day moving average price of C$12.10 and a two-hundred day moving average price of C$12.94. Lundin Mining has a one year low of C$9.33 and a one year high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Director Adam Ian Lundin bought 150,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. 15.70% of the stock is currently owned by corporate insiders.

Lundin Mining Company Profile

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.