Cormark Issues Positive Outlook for Lundin Mining Earnings

Lundin Mining Co. (TSE:LUN - Free Report) - Equities researchers at Cormark raised their Q2 2025 earnings per share (EPS) estimates for Lundin Mining in a research note issued to investors on Tuesday, May 27th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.26 per share for the quarter, up from their previous forecast of $0.20. Cormark also issued estimates for Lundin Mining's Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.21 EPS and FY2026 earnings at $1.29 EPS.

Several other equities analysts have also commented on the company. Morgan Stanley dropped their target price on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group cut Lundin Mining from a "buy" rating to a "neutral" rating and reduced their price objective for the company from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Scotiabank boosted their price objective on Lundin Mining from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$15.65.

Lundin Mining Stock Up 2.1%

TSE:LUN traded up C$0.27 during trading hours on Thursday, hitting C$13.26. The company's stock had a trading volume of 1,024,415 shares, compared to its average volume of 2,664,222. The stock has a market capitalization of C$8.10 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a fifty day moving average of C$11.61 and a 200-day moving average of C$12.27. 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 52-week low of C$8.94 and a 52-week high of C$16.31.

Insider Activity

In other news, Director Jack Oliver Lundin bought 20,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. bought 2,000,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. In the last three months, insiders purchased 2,170,000 shares of company stock worth $24,575,934. Company 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.