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

Desjardins upgraded shares of Lundin Mining (TSE:LUN) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group cut their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. National Bankshares boosted 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. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the company a “buy” rating in a research report on Thursday, March 6th. Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$9.50 on Thursday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm 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 stock’s 50-day moving average is C$12.10 and its 200-day moving average is 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 at Lundin Mining

In other news, Director Adam Ian Lundin acquired 150,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Corporate insiders own 15.70% of the company’s stock.

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.