Lundin Mining Stock Earnings Estimates Lowered by Scotiabank

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Lundin Mining to $1.90 from $1.94.
• Lundin reported quarterly EPS of C$0.46 and revenue of C$1.58 billion, with a 35.11% net margin and 22.97% return on equity.
• Analyst sentiment is a Moderate Buy overall, with a consensus target price of C$39.81; the stock was reported down 11.4%.

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Scotiabank dropped their FY2027 EPS estimates for shares of Lundin Mining in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings per share of $1.90 for the year, down from their prior estimate of $1.94.

Lundin Mining (TSE:LUN - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The mining company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$1.58 billion during the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

Several other research firms have also weighed in on LUN. Desjardins cut their target price on Lundin Mining from C$44.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. TD decreased their price target on Lundin Mining from C$43.00 to C$42.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Barclays upped their price target on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. ATB Cormark Capital Markets lowered their price objective on Lundin Mining from C$42.50 to C$41.50 and set an "outperform" rating on the stock in a report on Monday, August 24th. Finally, National Bank Financial lowered their price objective on Lundin Mining from C$43.50 to C$42.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$39.81.

Lundin Mining Trading Down 11.4%

Shares of TSE:LUN opened at C$28.05 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of C$23.88 billion, a PE ratio of 16.03, a P/E/G ratio of -0.26 and a beta of 2.16. Lundin Mining has a 1 year low of C$23.66 and a 1 year high of C$45.74. The firm has a fifty day moving average price of C$33.66 and a 200 day moving average price of C$35.83.

Lundin Mining Company Profile

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.

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