1 week Ago By Defense World Staff
Lundin Mining Co. (TSE:LUN – Get Free Report) shares were up 4.5% during mid-day trading on Friday .
The stock traded as high as C$10.02 and last traded at C$9.94.
Approximately 772,971 shares were traded during trading, a decline of 71% from the average daily volume of 2,711,537 shares. The stock had previously closed at C$9.51.
Wall Street Analysts Forecast GrowthSeveral research firms have recently commented on LUN. Jefferies Financial Group lowered their price target on shares of Lundin Mining from C$20.00 to C$16.
00 in a research report on Monday, January 6th. Desjardins raised Lundin Mining to a “moderate buy” rating in a report on Thursday, April 3rd. The Goldman Sachs Group set a C$16.
60 price objective on Lundin Mining and gave the stock a “buy” rating in a report on Thursday, March 6th. Raymond James cut their target price on Lundin Mining from C$15.00 to C$14.
00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price target on Lundin Mining from C$17.50 to C$16.
00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.
46.Get Our Latest Stock Analysis on Lundin MiningLundin Mining Stock PerformanceThe stock has a market cap of C$6.25 billion, a price-to-earnings ratio of 20.
30, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.
The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.
58. The company’s 50-day simple moving average is C$11.84 and its 200-day simple moving average is C$12.
80. Insider ActivityIn other news, Director Adam Ian Lundin acquired 150,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$10.
82 per share, for a total transaction of C$1,623,000.00. Also, insider Nemesia S.
a.r.l.
bought 2,000,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of C$11.35 per share, with a total value of C$22,700,000.
00. 15.70% of the stock is currently owned by company insiders.
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 AlsoFive stocks we like better than Lundin MiningWhat Investors Must Know About Over-the-Counter (OTC) StocksRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Know if a Stock Pays Dividends and When They Are Paid OutAre These 3 Retail Stocks Oversold or Really in Trouble?Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
