Cormark Has Positive Forecast for Lundin Mining Q1 Earnings

Key Points

• Cormark analysts raised their Q1 2026 earnings per share estimate for Lundin Mining from $0.32 to $0.36, and foresee consistent earnings of $0.36 for Q2, Q3, and Q4 2026.
• Royal Bank of Canada set a price target of C$16.00 for Lundin Mining, while National Bankshares increased their target from C$16.50 to C$17.50 with an "outperform" rating.
• Insiders have shown confidence in Lundin Mining by purchasing significant shares, with one insider buying 900,000 shares at an average price of C$14.10.

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Cormark raised their Q1 2026 earnings per share (EPS) estimates for shares of Lundin Mining in a note issued to investors on Wednesday, August 13th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.36 per share for the quarter, up from their previous forecast of $0.32. Cormark also issued estimates for Lundin Mining's Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $1.42 EPS.

Other analysts have also issued research reports about the company. Royal Bank Of Canada set a C$16.00 price target on Lundin Mining and gave the company a "sector perform" rating in a research note on Thursday, June 19th. National Bankshares boosted their price target on Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Desjardins set a C$17.00 price objective on Lundin Mining and gave the company a "buy" rating in a research report on Thursday, June 19th. JPMorgan Chase & Co. downgraded Lundin Mining from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Finally, Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus target price of C$18.90.

Lundin Mining Stock Performance

Shares of LUN stock traded down C$0.34 during mid-day trading on Thursday, reaching C$15.43. The stock had a trading volume of 183,950 shares, compared to its average volume of 2,560,939. Lundin Mining has a one year low of C$8.94 and a one year high of C$16.07. The firm has a market cap of C$9.43 billion, a PE ratio of 30.62, a P/E/G ratio of -0.26 and a beta of 1.66. The firm's 50 day simple moving average is C$14.27 and its 200 day simple moving average is C$12.74. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insiders Place Their Bets

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 900,000 shares of Lundin Mining stock in a transaction on Friday, June 13th. The shares were purchased at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of Lundin Mining stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. 15.70% of the stock is owned by company insiders.

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.

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