Lundin Mining Co. (TSE:LUN) Insider Buys C$22,700,000.00 in Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. bought 2,000,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00.

Lundin Mining Stock Performance

Shares of TSE LUN traded up C$0.38 during trading on Monday, reaching C$9.88. The stock had a trading volume of 694,459 shares, compared to its average volume of 2,604,724. The firm’s 50 day moving average price is C$12.10 and its two-hundred day moving average price is C$12.95. Lundin Mining Co. has a one year low of C$9.09 and a one year high of C$17.97. The stock has a market cap of C$6.04 billion, a PE ratio of 19.61, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. UBS Group reduced their price target on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Finally, National Bankshares lifted their price objective on 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. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$17.09.

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.