Lundin Mining (TSE:LUN) Hits New 52-Week Low – Time to Sell?

Lundin Mining Co. (TSE:LUN) shares reached a new 52-week low on Thursday . The company traded as low as C$10.83 and last traded at C$10.98, with a volume of 1269761 shares traded. The stock had previously closed at C$11.81.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Raymond James decreased their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research report on Thursday, January 16th. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a research report on Thursday. National Bankshares raised their target price on shares of Lundin Mining from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Stock Down 10.5 %

The stock’s fifty day simple moving average is C$12.10 and its two-hundred day simple moving average is C$12.94. The stock has a market capitalization of C$5.81 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Insider Buying and Selling

In other news, Director Adam Ian Lundin purchased 150,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is 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.