Lundin Mining (TSE:LUN) Downgraded by UBS Group to “Neutral”

Lundin Mining (TSE:LUN) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, Marketbeat.com reports. They currently have a C$13.00 price target on the mining company’s stock, down from their previous price target of C$13.50. UBS Group’s target price suggests a potential upside of 11.40% from the company’s current price.

LUN has been the topic of a number of other research reports. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Stifel Nicolaus reduced their target price on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group lowered their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, TD Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$13.00 price objective for the company in a report on Tuesday, April 15th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.99.

Lundin Mining Stock Up 1.0 %

LUN stock opened at C$11.67 on Friday. The company has a market capitalization of C$7.13 billion, a P/E ratio of 23.16, a PEG ratio of -0.26 and a beta of 1.66. The firm has a 50 day simple moving average of C$11.56 and a 200-day simple moving average of C$12.48. 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$17.97.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Adam Ian Lundin purchased 150,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Also, insider Nemesia S.a.r.l. acquired 2,000,000 shares of Lundin Mining stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. 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.