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

Lundin Mining (TSE:LUN) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on LUN. Jefferies Financial Group dropped their price target on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Stifel Nicolaus dropped their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. 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 research report on Thursday, March 6th. National Bankshares lifted their price objective on shares of Lundin Mining from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group reduced their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Seven 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.09.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$9.50 on Thursday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market capitalization of C$5.81 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a fifty day moving average of C$12.10 and a 200-day moving average of C$12.94. Lundin Mining has a one year low of C$9.33 and a one year high of C$17.97.

Insider Buying and Selling

In other Lundin Mining news, Director Adam Ian Lundin acquired 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost 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.

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.