Desjardins Lowers Lundin Mining (TSE:LUN) Price Target to C$42.00

Key Points

• Desjardins lowered Lundin Mining’s price target to C$42.00 from C$44.00 while maintaining a “buy” rating, implying roughly 17% upside from the previous close.
• Analyst sentiment is mixed: eight analysts rate the stock a Buy, six a Hold and one a Sell, producing an overall “Hold” consensus and an average price target of C$39.64.
• Lundin Mining shares rose to C$35.87, while the company reported quarterly EPS of C$0.43 and revenue of C$1.72 billion; its Chilean operations remain exposed to weather-related disruptions that could reduce 2026 copper output.

Lundin Mining (TSE:LUN - Get Free Report) had its price objective cut by analysts at Desjardins from C$44.00 to C$42.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the mining company's stock. Desjardins' target price would indicate a potential upside of 17.09% from the company's previous close.

A number of other brokerages have also recently weighed in on LUN. Scotiabank raised their price target on Lundin Mining from C$36.00 to C$42.00 and gave the company a "sector outperform" rating in a research report on Monday, June 15th. Canaccord Genuity Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets increased their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. Dnb Carnegie upgraded shares of Lundin Mining to a "hold" rating in a report on Friday, July 3rd. Finally, TD cut their target price on shares of Lundin Mining from C$43.00 to C$42.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Lundin Mining has an average rating of "Hold" and an average price target of C$39.64.

Lundin Mining Price Performance

Shares of LUN traded up C$0.62 on Thursday, reaching C$35.87. The stock had a trading volume of 830,346 shares, compared to its average volume of 2,752,382. Lundin Mining has a twelve month low of C$15.00 and a twelve month high of C$45.74. The firm has a market capitalization of C$30.54 billion, a PE ratio of 20.50, a PEG ratio of -0.26 and a beta of 2.30. The firm has a 50-day moving average of C$35.69 and a 200 day moving average of C$36.58. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$1.72 billion during the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

Key Lundin Mining News

Here are the key news stories impacting Lundin Mining this week:

• Negative Sentiment: The latest storm affected operations at the Caserones and Candelaria copper mines, with severe weather disrupting access, logistics and production activities. The company expects the impact to reduce 2026 output, although the operational effects are being assessed as conditions improve. Lundin revises copper guidance after second storm hits Chile
• Negative Sentiment: Lundin lowered Caserones’ full-year 2026 copper-production guidance by approximately 10,000 tonnes, resulting in a corresponding reduction to its broader copper outlook. The cut adds to concerns about execution, lost production and potential cost pressure at the Chilean assets. Lundin Mining Cuts 2026 Copper Production Guidance After Severe Storms in Chile
• Neutral Sentiment: The company’s announcements indicate that the disruption is weather-related rather than a change in mine reserves or long-term asset economics. Investors will likely focus on the speed of the recovery, the final scale of production losses and whether further guidance changes are needed. Lundin Mining Provides Update on Chile Operations After Second Winter Storm

Lundin Mining Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source