Nemesia S.a.r.l. Purchases 2,000,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. acquired 2,000,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of C$11.35 per share, with a total value of C$22,700,000.00.

Lundin Mining Stock Performance

Lundin Mining stock traded up C$0.38 during midday trading on Monday, hitting C$9.88. 694,459 shares of the company’s stock were exchanged, compared to its average volume of 2,604,724. The firm’s 50 day simple moving average is C$12.10 and its 200 day simple moving average is C$12.95. Lundin Mining Co. has a 12-month low of C$9.09 and a 12-month high of C$17.97. 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 stock has a market cap of C$6.04 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Wall Street Analyst Weigh In

LUN has been the subject of a number of research analyst reports. Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. UBS Group lowered their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. National Bankshares upped 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 report on Wednesday, April 2nd. Stifel Nicolaus dropped their target price on 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. Finally, Raymond James dropped their price objective on shares of 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. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.09.

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.