Lundin Mining Co. (TSE:LUN) insider Jonas Peter Haddoc Richardson sold 8,320 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of C$5.49, for a total value of C$45,676.80.

Shares of LUN traded up C$0.24 during midday trading on Thursday, reaching C$5.76. The stock had a trading volume of 1,760,803 shares, compared to its average volume of 2,398,977. Lundin Mining Co. has a 12-month low of C$4.70 and a 12-month high of C$9.82. The company has a current ratio of 4.37, a quick ratio of 3.82 and a debt-to-equity ratio of 10.33.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, December 7th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 6th. Lundin Mining’s payout ratio is currently 22.66%.

LUN has been the topic of a number of research analyst reports. CIBC upgraded Lundin Mining from a “neutral” rating to an “outperform” rating and set a C$10.00 target price on the stock in a research note on Tuesday, July 31st. TD Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$9.50 to C$8.00 in a report on Tuesday. Raymond James cut their price objective on Lundin Mining from C$9.00 to C$8.50 and set a “market perform” rating for the company in a report on Friday, October 26th. Barclays reiterated an “overweight” rating on shares of Lundin Mining in a report on Wednesday, October 10th. Finally, National Bank Financial cut their price objective on Lundin Mining from C$9.50 to C$8.75 and set an “outperform” rating for the company in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$9.00.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/11/15/lundin-mining-co-lun-insider-jonas-peter-haddoc-richardson-sells-8320-shares-of-stock.html.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

Recommended Story: What is the quiet period?

Insider Buying and Selling by Quarter for Lundin Mining (TSE:LUN)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.