The Lundin Mining Co. (LUN) Insider Sells C$1,142,400.00 in Stock

The Lundin Mining Co. (LUN) Insider Sells C$1,142,400.00 in Stock

Lundin Mining Co. (TSE:LUN) insider Paul Mcrae sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of C$8.16, for a total transaction of C$1,142,400.00.

Lundin Mining Co. (TSE:LUN) opened at 7.63 on Friday. Lundin Mining Co. has a 1-year low of $2.98 and a 1-year high of $8.28. The stock’s market capitalization is $5.49 billion. The firm’s 50-day moving average is $7.02 and its 200 day moving average is $5.80.

A number of research firms have commented on LUN. TD Securities restated a “buy” rating and set a C$9.50 target price on shares of Lundin Mining in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of Lundin Mining in a research note on Friday, January 13th. Scotiabank restated a “focus buy” rating and set a C$9.00 target price on shares of Lundin Mining in a research note on Friday, January 13th. National Bank Financial raised their target price on shares of Lundin Mining from C$8.50 to C$9.50 in a research note on Friday, January 13th. Finally, Canaccord Genuity raised their target price on shares of Lundin Mining from C$6.50 to C$8.00 in a research note on Monday, December 12th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$7.40.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.

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