Stifel Canada Raises Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Stifel Canada lifted their FY2026 earnings per share estimates for Lundin Mining in a research report issued on Monday, May 5th. Stifel Canada analyst R. Profiti now anticipates that the mining company will post earnings per share of $0.48 for the year, up from their previous estimate of $0.43. Stifel Canada has a "Strong-Buy" rating on the stock. Stifel Canada also issued estimates for Lundin Mining's FY2027 earnings at $0.36 EPS.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Raymond James decreased their price target on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research note on Thursday, January 16th. Desjardins raised Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. Scotiabank lifted their target price on Lundin Mining from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the stock a "buy" rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$15.88.

Lundin Mining Trading Up 2.2 %

Shares of Lundin Mining stock traded up C$0.26 during trading on Thursday, hitting C$11.93. The stock had a trading volume of 1,773,210 shares, compared to its average volume of 2,687,297. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm's fifty day simple moving average is C$11.58 and its 200-day simple moving average is C$12.40. The stock has a market cap of C$7.29 billion, a PE ratio of 23.68, 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. acquired 2,000,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. Also, Director Adam Ian Lundin bought 150,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is currently owned by insiders.

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.