Lundin Mining Co. (TSE:LUN) Senior Officer Annie Laurenson Sells 742 Shares of Stock

Lundin Mining Co. (TSE:LUN) Senior Officer Annie Laurenson sold 742 shares of Lundin Mining stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$13.97, for a total value of C$10,368.71. Following the transaction, the insider now directly owns 743 shares in the company, valued at approximately C$10,382.68.

Lundin Mining Price Performance

Shares of TSE LUN traded down C$0.02 during trading on Thursday, reaching C$13.81. The company had a trading volume of 1,620,082 shares, compared to its average volume of 2,297,170. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining Co. has a twelve month low of C$8.18 and a twelve month high of C$17.97. The stock has a 50-day moving average price of C$14.23 and a two-hundred day moving average price of C$14.29. The stock has a market capitalization of C$10.73 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of -0.26 and a beta of 1.67.

Lundin Mining (TSE:LUN) last announced its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. As a group, sell-side analysts predict that Lundin Mining Co. will post 0.9410132 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LUN has been the subject of several research reports. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$18.00 to C$16.00 in a research report on Monday, August 19th. Eight Capital increased their target price on shares of Lundin Mining from C$16.00 to C$17.50 in a research note on Thursday, July 11th. Morgan Stanley boosted their price target on Lundin Mining from C$20.00 to C$20.70 in a research report on Friday, June 21st. Ventum Financial reduced their price objective on Lundin Mining from C$20.00 to C$18.50 in a research note on Thursday, August 22nd. Finally, Raymond James boosted their target price on Lundin Mining from C$15.00 to C$18.00 in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$17.57.

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, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.