Scotiabank Decreases Earnings Estimates for Lundin Mining

Key Points

• Scotiabank lowered Lundin Mining’s FY2026 EPS estimate to $1.59 from $1.73, while maintaining a “Sector Outperform” rating and C$42.00 target price. It projects FY2027 EPS of $1.71.
• Lundin Mining reported quarterly revenue of C$1.72 billion and EPS of C$0.43, along with a 22.97% return on equity and 35.11% net margin.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average target price of C$39.64, despite eight Buy ratings, six Holds, and one Sell rating.

Lundin Mining Co. (TSE:LUN - Free Report) - Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Lundin Mining in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings of $1.59 per share for the year, down from their previous estimate of $1.73. Scotiabank currently has a "Sector Outperform" rating and a $42.00 target price on the stock. Scotiabank also issued estimates for Lundin Mining's FY2027 earnings at $1.71 EPS.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.The company had revenue of C$1.72 billion for the quarter.

Other research analysts also recently issued research reports about the stock. Dnb Carnegie raised shares of Lundin Mining to a "hold" rating in a research report on Friday, July 3rd. TD lowered their target price on shares of Lundin Mining from C$43.00 to C$42.00 and set a "buy" rating for the company in a research note on Friday, August 7th. National Bank Financial lowered their target price on shares of Lundin Mining from C$43.50 to C$42.50 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Barclays lifted their price target on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Finally, Desjardins reduced their price target on Lundin Mining from C$44.00 to C$42.00 and set a "buy" rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lundin Mining currently has a consensus rating of "Hold" and an average target price of C$39.64.

Lundin Mining Stock Performance

LUN stock opened at C$38.07 on Monday. The firm has a market cap of C$32.41 billion, a price-to-earnings ratio of 21.75, a PEG ratio of -0.26 and a beta of 2.30. The firm has a 50-day simple moving average of C$35.68 and a two-hundred day simple moving average of C$36.61. Lundin Mining has a one year low of C$15.21 and a one year high of C$45.74. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 1.60.

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.

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