Lundin Mining (LUNMF) Gets a Buy from Goldman Sachs

In a report released today, Matt Greene from Goldman Sachs maintained a Buy rating on Lundin Mining, with a price target of $23.50. The company’s shares closed yesterday at $15.23.

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Greene covers the Basic Materials sector, focusing on stocks such as Lundin Mining, Antofagasta, and Glencore. According to TipRanks, Greene has an average return of 6.0% and a 52.26% success rate on recommended stocks.

Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of $14.69, which is a -3.55% downside from current levels. In a report released on October 7, Clarksons also initiated coverage with a Buy rating on the stock with a C$26.00 price target.

LUNMF market cap is currently $13.22B and has a P/E ratio of -639.96.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUNMF in relation to earlier this year.