Lundin Mining Co. (TSE:LUN – Get Rating) insider Nemesia S.a.r.l. purchased 370,100 shares of Lundin Mining stock in a transaction that occurred on Friday, May 27th. The shares were bought at an average price of C$11.03 per share, for a total transaction of C$4,081,351.77. Following the transaction, the insider now directly owns 96,671,898 shares of the company’s stock, valued at C$1,066,068,689.57.

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

• On Wednesday, May 25th, Nemesia S.a.r.l. purchased 100,000 shares of Lundin Mining stock. The shares were bought at an average price of C$10.89 per share, for a total transaction of C$1,088,800.00.
• On Friday, May 13th, Nemesia S.a.r.l. purchased 250,000 shares of Lundin Mining stock. The shares were bought at an average price of C$9.84 per share, for a total transaction of C$2,459,800.00.

LUN stock traded up C$0.12 during midday trading on Friday, reaching C$11.05. 1,763,420 shares of the company’s stock traded hands, compared to its average volume of 2,112,539. Lundin Mining Co. has a 52-week low of C$8.56 and a 52-week high of C$14.00. The stock has a market cap of C$8.61 billion and a P/E ratio of 6.43. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average is C$11.95 and its 200 day moving average is C$11.30.

Lundin Mining (TSE:LUN – Get Rating) last announced its earnings results on Wednesday, April 27th. The mining company reported C$0.51 EPS for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.10. The business had revenue of C$1.26 billion for the quarter. As a group, research analysts expect that Lundin Mining Co. will post 10.9600176 EPS for the current fiscal year.

Several equities analysts recently issued reports on LUN shares. Morgan Stanley reiterated an “equal weight” rating and set a C$12.30 price target on shares of Lundin Mining in a research report on Friday, May 13th. Stifel Nicolaus upgraded shares of Lundin Mining to a “buy” rating and set a C$14.00 target price on the stock in a research note on Friday, April 29th. Eight Capital upped their target price on shares of Lundin Mining from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. CIBC upped their target price on shares of Lundin Mining from C$11.00 to C$13.00 and gave the stock a “neutral” rating in a research note on Friday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lundin Mining from C$15.00 to C$14.70 in a research note on Thursday, April 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$13.58.

Lundin Mining Company Profile (Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

Further Reading

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.