Lundin Mining Co. (TSE:LUN) Insider Acquires C$890,790.00 in Stock

Lundin Mining Co. (TSE:LUN) insider Nemesia S.a.r.l. acquired 150,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of C$5.94 per share, for a total transaction of C$890,790.00. Following the completion of the purchase, the insider now owns 93,822,698 shares of the company’s stock, valued at approximately C$557,175,474.34.

TSE LUN opened at C$5.94 on Friday. 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 50 day moving average price is C$6.68 and its 200-day moving average price is C$6.61. Lundin Mining Co. has a 52-week low of C$4.70 and a 52-week high of C$7.96. The company has a market cap of $4.36 billion and a PE ratio of 54.50.

The company also recently announced 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 is Thursday, September 5th. This represents a $0.12 dividend on an annualized basis and a yield of 2.02%. Lundin Mining’s payout ratio is 82.88%.

A number of equities analysts have recently issued reports on the stock. CSFB dropped their price objective on shares of Lundin Mining from C$9.00 to C$8.25 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Cormark increased their price objective on shares of Lundin Mining from C$10.00 to C$10.50 in a research note on Tuesday, July 23rd. Haywood Securities increased their price objective on shares of Lundin Mining from C$9.00 to C$10.00 and gave the company a “buy” rating in a research note on Monday, April 29th. TD Securities dropped their price objective on shares of Lundin Mining from C$9.50 to C$9.00 in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lundin Mining from C$9.00 to C$8.50 in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lundin Mining currently has a consensus rating of “Buy” and a consensus target price of C$9.03.

About Lundin Mining

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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