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Lundin Mining Co. (TSE:LUN – Get Rating) insider Nemesia S.a.r.l. purchased 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were bought at an average price of C$9.17 per share, for a total transaction of C$4,582,950.00. Following the completion of the purchase, the insider now directly owns 97,672,698 shares in the company, valued at C$895,258,182.60.
Nemesia S.a.r.l. also recently made the following trade(s):
- On Tuesday, June 14th, Nemesia S.a.r.l. acquired 500,000 shares of Lundin Mining stock. The shares were purchased at an average cost of C$10.15 per share, for a total transaction of C$5,073,250.00.
- On Friday, May 27th, Nemesia S.a.r.l. bought 370,100 shares of Lundin Mining stock. The stock was purchased at an average cost of C$11.03 per share, with a total value of C$4,081,351.77.
- On Wednesday, May 25th, Nemesia S.a.r.l. purchased 100,000 shares of Lundin Mining stock. The shares were purchased at an average price of C$10.89 per share, for a total transaction of C$1,088,800.00.
- On Friday, May 13th, Nemesia S.a.r.l. acquired 250,000 shares of Lundin Mining stock. The stock was purchased at an average price of C$9.84 per share, with a total value of C$2,459,800.00.
Shares of TSE LUN opened at C$8.48 on Friday. The stock has a market capitalization of C$6.61 billion and a price-to-earnings ratio of 4.86. Lundin Mining Co. has a 52 week low of C$8.06 and a 52 week high of C$14.00. The firm has a 50-day moving average price of C$10.90 and a 200 day moving average price of C$11.26. The company has a quick ratio of 1.69, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.
Lundin Mining (TSE:LUN – Get Rating) last issued its earnings results on Wednesday, April 27th. The mining company reported C$0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.10. The company had revenue of C$1.26 billion during the quarter. Equities research analysts expect that Lundin Mining Co. will post 11.1476134 EPS for the current fiscal year.
A number of equities analysts have recently commented on LUN shares. Eight Capital lifted their target price on shares of Lundin Mining from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Barclays upped their target price on shares of Lundin Mining from C$10.00 to C$12.00 and gave the company an “equal weight” rating in a report on Thursday, April 21st. BMO Capital Markets assumed coverage on shares of Lundin Mining in a research note on Monday, May 2nd. They set a “buy” rating and a C$16.50 target price for the company. Scotiabank dropped their price target on Lundin Mining from C$13.50 to C$13.00 in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Lundin Mining from C$11.00 to C$12.00 in a research report on Thursday, March 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$13.53.
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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