What is Cormark's 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 increased their Q1 2026 earnings per share (EPS) estimates for shares of Lundin Mining in a research note issued to investors on Wednesday, August 13th. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.36 for the quarter, up from their prior 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.

Several other equities analysts have also issued reports on LUN. UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and cut their price target for the company from C$13.50 to C$13.00 in a research note on Friday, May 2nd. National Bankshares upped their target price on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada set a C$16.00 price target on shares of Lundin Mining and gave the stock a "sector perform" rating in a research report on Thursday, June 19th. TD Securities boosted their price target on shares of Lundin Mining from C$16.00 to C$18.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, BMO Capital Markets raised shares of Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Lundin Mining has an average rating of "Moderate Buy" and a consensus target price of C$18.90.

Lundin Mining Price Performance

Shares of TSE:LUN traded down C$0.24 during midday trading on Thursday, reaching C$15.20. The company's stock had a trading volume of 398,880 shares, compared to its average volume of 2,548,011. The business's fifty day simple moving average is C$14.34 and its 200-day simple moving average is C$12.83. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$16.07. The company has a market capitalization of C$9.29 billion, a P/E ratio of 30.16, a P/E/G ratio of -0.26 and a beta of 1.66.

Insiders Place Their Bets

In related news, insider Nemesia S.a.r.l. acquired 900,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost 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 that occurred on Thursday, May 22nd. The stock was bought at an average cost of C$12.65 per share, with a total value of C$252,934.00. 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.