FY2026 EPS Estimates for Lundin Mining Lowered by Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Lundin Mining to $0.98 from $0.99 while maintaining an "Outperform" rating, versus a market consensus EPS of $1.11.
• Lundin beat recent quarterly expectations, reporting $0.42 EPS (vs. $0.30 consensus) and $1.30 billion in revenue (vs. $1.18 billion), with a 10.02% return on equity and a 30.48% net margin.
• Analyst views and market reaction are mixed: the stock was down 7.1%, carries a market cap of $23.33 billion and a P/E of 18.18, and has a consensus rating of "Moderate Buy" amid varied buy/hold recommendations.

Lundin Mining Corp. (OTCMKTS:LUNMF - Free Report) - Equities researchers at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Lundin Mining in a report released on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $0.98 per share for the year, down from their previous forecast of $0.99. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Lundin Mining's current full-year earnings is $1.11 per share.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.

Other analysts have also recently issued reports about the stock. TD Securities reaffirmed a "buy" rating on shares of Lundin Mining in a research note on Monday, February 23rd. Citigroup reaffirmed a "buy" rating on shares of Lundin Mining in a research note on Wednesday, February 11th. National Bank Financial cut shares of Lundin Mining from an "outperform" rating to a "hold" rating in a research note on Monday, February 16th. Raymond James Financial reaffirmed a "market perform" rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Lundin Mining in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Lundin Mining Stock Down 7.1%

LUNMF stock opened at $27.27 on Wednesday. The stock has a market capitalization of $23.33 billion, a P/E ratio of 18.18, a PEG ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. Lundin Mining has a one year low of $7.76 and a one year high of $33.29. The company has a 50 day moving average price of $26.63 and a two-hundred day moving average price of $22.31.

About Lundin Mining

Lundin Mining Corporation is a Canada-based diversified base metals mining company engaged in the acquisition, exploration, development, and operation of mines. The company's portfolio encompasses copper, nickel, zinc, and lead, with by-products including gold and silver. Through its technical expertise and focus on cost-effective operations, Lundin Mining aims to maximize long-term value while meeting industry standards for safety and environmental stewardship.

Operationally, Lundin Mining holds interests in several producing assets across the Americas and Europe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.