Lundin Mining (TSE:LUN) Given New C$16.00 Price Target at Raymond James Financial

Lundin Mining (TSE:LUN) had its target price upped by Raymond James Financial from C$15.00 to C$16.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on LUN. Scotiabank increased their price objective on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. National Bankshares raised their price target on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lowered shares of Lundin Mining from an “overweight” rating to a “neutral” rating and raised their price target for the company from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Royal Bank Of Canada set a C$16.00 price objective on shares of Lundin Mining and gave the company a “sector perform” rating in a report on Thursday, June 19th. Finally, TD Securities increased their price objective on shares of Lundin Mining from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.25.

Lundin Mining Stock Up 3.0%

TSE:LUN opened at C$15.69 on Thursday. The firm has a market capitalization of C$9.59 billion, a P/E ratio of 31.14, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$16.07. The company’s fifty day moving average price is C$14.44 and its 200-day moving average price is C$12.93. 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 Buying and Selling

In other news, insider Nemesia S.a.r.l. bought 900,000 shares of Lundin Mining stock in a transaction on Friday, June 13th. The shares were bought at an average cost of C$14.10 per share, with a total value of C$12,690,000.00. 15.70% of the stock is owned by company 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.