FY2025 EPS Estimates for Lundin Mining Raised by Scotiabank

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Scotiabank increased their FY2025 EPS estimates for Lundin Mining in a report issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $0.76 per share for the year, up from their prior estimate of $0.68. Scotiabank also issued estimates for Lundin Mining's FY2025 earnings at $0.76 EPS.

A number of other analysts have also recently commented on the company. Morgan Stanley reduced their price target on Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. UBS Group cut 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 report on Friday, May 2nd. Royal Bank Of Canada set a C$16.00 price target on Lundin Mining and gave the company a "sector perform" rating in a report on Thursday, June 19th. TD Securities upgraded Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Lundin Mining has an average rating of "Moderate Buy" and a consensus price target of C$15.76.

Lundin Mining Trading Up 0.3%

Lundin Mining stock traded up C$0.04 during trading hours on Friday, reaching C$13.75. The company had a trading volume of 1,696,234 shares, compared to its average volume of 2,608,303. 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 12-month low of C$8.94 and a 12-month high of C$15.36. The firm has a market cap of C$8.40 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a 50-day moving average price of C$13.74 and a 200 day moving average price of C$12.50.

Insider Activity

In other Lundin Mining news, insider Nemesia S.a.r.l. purchased 900,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin acquired 20,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of C$12.65 per share, with a total value of C$252,934.00. 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.