Nemesia S.a.r.l. Acquires 900,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. purchased 900,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00.

Nemesia S.a.r.l. also recently made the following trade(s):

• On Thursday, April 3rd, Nemesia S.a.r.l. purchased 2,000,000 shares of Lundin Mining stock. The stock was bought at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00.

Lundin Mining Stock Down 2.3%

LUN opened at C$13.80 on Wednesday. The company has a fifty day moving average price of C$12.35 and a 200-day moving average price of C$12.28. The firm has a market capitalization of C$8.43 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining Co. has a one year low of C$8.94 and a one year high of C$16.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LUN shares. National Bankshares lowered their price target on shares of 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. UBS Group lowered shares of Lundin Mining from a “buy” rating to a “neutral” rating and reduced their price objective for the company from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Scotiabank lifted their price objective on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday. Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Desjardins upgraded shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$15.78.

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.