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Lundin Mining Co. (TSE:LUN – Get Rating) Director Catherine Jean Garrett Stefan purchased 3,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of C$8.22 per share, for a total transaction of C$24,660.00. Following the acquisition, the director now owns 68,000 shares of the company’s stock, valued at approximately C$558,960.
Lundin Mining Stock Up 8.9 %
Shares of TSE:LUN traded up C$0.66 during midday trading on Friday, hitting C$8.04. 3,832,368 shares of the company’s stock were exchanged, compared to its average volume of 2,798,164. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.98. The stock has a 50 day moving average price of C$6.96 and a 200-day moving average price of C$8.38. The company has a market cap of C$6.19 billion and a PE ratio of 8.74. Lundin Mining Co. has a 12 month low of C$6.24 and a 12 month high of C$14.00.
Analysts Set New Price Targets
LUN has been the topic of a number of recent research reports. Credit Suisse Group cut their price target on shares of Lundin Mining to C$7.75 and set a “hold” rating on the stock in a report on Thursday, September 8th. Stifel Nicolaus dropped their target price on shares of Lundin Mining from C$14.00 to C$12.50 in a report on Friday, July 29th. National Bankshares dropped their target price on shares of Lundin Mining from C$8.50 to C$8.25 and set a “sector perform” rating on the stock in a report on Thursday, October 27th. The Goldman Sachs Group lowered shares of Lundin Mining to a “hold” rating and set a C$69.00 target price on the stock. in a report on Wednesday, July 13th. Finally, CIBC dropped their target price on shares of Lundin Mining from C$9.50 to C$8.50 in a report on Thursday, October 13th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Lundin Mining presently has a consensus rating of “Hold” and an average price target of C$12.97.
About Lundin Mining
(Get Rating)
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
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