
Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at National Bank Financial raised their FY2025 earnings estimates for shares of Lundin Mining in a note issued to investors on Tuesday, July 8th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.67. National Bank Financial also issued estimates for Lundin Mining's FY2026 earnings at $0.97 EPS.
A number of other research analysts also recently commented on LUN. Scotiabank increased their price target on shares of Lundin Mining from C$14.50 to C$16.00 in a report on Monday, June 16th. UBS Group downgraded shares of Lundin Mining from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. downgraded shares of Lundin Mining from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from C$15.30 to C$15.60 in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$15.76.
Check Out Our Latest Stock Report on Lundin Mining
Lundin Mining Stock Performance
Shares of TSE:LUN remained flat at C$13.85 during trading on Friday. 1,608,537 shares of the company were exchanged, compared to its average volume of 2,635,593. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$16.08. The company's 50 day moving average price is C$13.52 and its 200 day moving average price is C$12.44. The stock has a market cap of C$8.46 billion, a PE ratio of 27.49, a PEG ratio of -0.26 and a beta of 1.66.
Insider Activity at Lundin Mining
In other news, insider Nemesia S.a.r.l. bought 900,000 shares of the stock in a transaction on Friday, June 13th. The stock was bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. Also, 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 price 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
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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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