1 week Ago By ABMN Staff
Shares of Lundin Mining Co. ( TSE:LUN – Get Free Report ) shot up 4.5% during mid-day trading on Friday .
The company traded as high as C$10.02 and last traded at C$9.94.
772,971 shares were traded during mid-day trading, a decline of 71% from the average session volume of 2,711,537 shares. The stock had previously closed at C$9.51.
Wall Street Analysts Forecast Growth Several research firms have recently commented on LUN. Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. UBS Group lowered their target price on Lundin Mining from C$17.
00 to C$15.50 in a research note on Tuesday, January 7th. Desjardins raised Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd.
National Bankshares raised their price objective on shares of Lundin Mining from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd.
Finally, The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the stock a “buy” rating in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average target price of C$16.46.
Check Out Our Latest Stock Report on LUN Lundin Mining Stock Up 7.6 % Insider Transactions at Lundin Mining In other news, Director Adam Ian Lundin bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$10.
82 per share, with a total value of C$1,623,000.00. Also, insider Nemesia S.
a.r.l.
purchased 2,000,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of C$11.35 per share, for a total transaction of C$22,700,000.
00. Corporate insiders own 15.70% of the company’s stock.
About Lundin Mining ( Get Free Report ) 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. See Also Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.
com's FREE daily email newsletter ..
