Lundin Mining (TSE:LUN) Given a C$16.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$16.00 price target on Lundin Mining (TSE:LUN) in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the mining company’s stock.

Other equities research analysts have also recently issued research reports about the company. National Bankshares cut their price target on Lundin Mining from C$17.50 to C$15.50 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities raised Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Desjardins set a C$17.00 price target on Lundin Mining and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$15.85.

Lundin Mining Stock Performance

LUN opened at C$13.66 on Thursday. The business’s 50 day moving average is C$12.58 and its 200-day moving average is C$12.28. The stock has a market cap of C$8.35 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$16.31.

Insider Buying and Selling

In other Lundin Mining news, Director Adam Ian Lundin purchased 150,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Also, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. Insiders have bought a total of 3,070,000 shares of company stock valued at $37,265,934 over the last quarter. Corporate insiders own 15.70% of the company’s stock.

About Lundin Mining

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.