FY2025 EPS Estimates for Lundin Mining Raised by Analyst

Lundin Mining Co. (TSE:LUN - Free Report) - Equities researchers at Desjardins lifted their FY2025 earnings estimates for Lundin Mining in a report released on Wednesday, June 18th. Desjardins analyst B. Adams now expects that the mining company will post earnings per share of $0.66 for the year, up from their previous forecast of $0.64. Desjardins has a "Buy" rating and a $17.00 price objective on the stock.

Several other equities research analysts also recently weighed in on LUN. National Bankshares lowered their target price on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price objective for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. Royal Bank Of Canada set a C$16.00 price objective on shares of Lundin Mining and gave the stock a "sector perform" rating in a research note on Thursday. Finally, UBS Group downgraded shares of Lundin Mining from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$15.85.

Lundin Mining Stock Up 0.5%

LUN traded up C$0.07 during trading on Monday, hitting C$13.73. The stock had a trading volume of 1,601,449 shares, compared to its average volume of 2,667,621. The company has a market capitalization of C$8.39 billion, a PE ratio of 27.25, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$16.31. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock has a 50 day simple moving average of C$12.64 and a two-hundred day simple moving average of C$12.27.

Insider Buying and Selling at Lundin Mining

In other news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$11.35 per share, with a total value of C$22,700,000.00. Also, Director Jack Oliver Lundin acquired 20,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of C$12.65 per share, with a total value of C$252,934.00. Over the last quarter, insiders bought 3,070,000 shares of company stock valued at $37,265,934. Corporate 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.