Q1 Earnings Forecast for Lundin Mining Issued By Cormark

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Cormark dropped their Q1 2025 earnings per share (EPS) estimates for shares of Lundin Mining in a research note issued on Tuesday, May 6th. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.21. Cormark also issued estimates for Lundin Mining's Q2 2025 earnings at $0.20 EPS, FY2025 earnings at $0.83 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.27 EPS and Q4 2026 earnings at $0.27 EPS.

Several other brokerages have also recently weighed in on LUN. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Scotiabank raised their price objective on shares of Lundin Mining from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Morgan Stanley cut their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, National Bankshares cut their price objective on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$15.88.

Lundin Mining Stock Up 4.2%

Shares of TSE LUN traded up C$0.50 during mid-day trading on Wednesday, hitting C$12.43. The company had a trading volume of 931,161 shares, compared to its average volume of 2,666,937. The company has a market capitalization of C$7.60 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm has a 50-day simple moving average of C$11.58 and a two-hundred day simple moving average of C$12.38. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a one year low of C$8.94 and a one year high of C$17.97.

Insiders Place Their Bets

In other news, Director Adam Ian Lundin purchased 150,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of C$10.82 per share, with a total value of C$1,623,000.00. Also, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. Insiders own 15.70% of the company's stock.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.