Lundin Mining Co. (TSE:LUN) Insider Nemesia S.a.r.l. Acquires 150,000 Shares

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Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. bought 150,000 shares of Lundin Mining stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of C$5.94 per share, with a total value of C$890,790.00. Following the acquisition, the insider now owns 93,822,698 shares of the company’s stock, valued at C$557,175,474.34.

LUN stock opened at C$5.94 on Friday. The firm has a market cap of $4.36 billion and a PE ratio of 54.50. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.95 and a current ratio of 2.49. The firm’s fifty day moving average is C$6.68 and its 200 day moving average is C$6.61. Lundin Mining Co. has a one year low of C$4.70 and a one year high of C$7.96.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 6th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.12 annualized dividend and a yield of 2.02%. Lundin Mining’s dividend payout ratio is presently 82.88%.

Several research analysts recently issued reports on the stock. Raymond James reissued a “market perform” rating and set a C$9.00 target price on shares of Lundin Mining in a report on Friday, July 26th. Haywood Securities raised their target price on shares of Lundin Mining from C$9.00 to C$10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. TD Securities reduced their target price on shares of Lundin Mining from C$9.50 to C$9.00 in a report on Monday, July 22nd. Cormark raised their target price on shares of Lundin Mining from C$10.00 to C$10.50 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reduced their target price on shares of Lundin Mining from C$8.25 to C$8.00 in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Lundin Mining has an average rating of “Buy” and an average price target of C$9.03.

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% interests 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 the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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

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