Desjardins Upgrades Lundin Mining (TSE:LUN) to Moderate Buy

Lundin Mining (TSE:LUN) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group lowered their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. 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. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group decreased their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$17.09.

Lundin Mining Stock Down 10.5 %

LUN stock opened at C$9.50 on Thursday. The stock has a market capitalization 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 company has a 50-day moving average of C$12.10 and a two-hundred day moving average of C$12.94. Lundin Mining has a 52-week low of C$9.33 and a 52-week high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Insider Transactions at Lundin Mining

In other news, Director Adam Ian Lundin bought 150,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is currently owned by insiders.

Lundin Mining Company Profile

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.