Cormark Brokers Boost Earnings Estimates for Lundin Mining

Key Points

• Cormark has raised its Q3 2025 earnings per share estimate for Lundin Mining to $0.30, up from a previous estimate of $0.21.
• Multiple analysts, including BMO Capital Markets and National Bankshares, have upgraded Lundin Mining's stock rating, with price targets reaching as high as C$17.50.
• Insider activity includes the purchase of 900,000 shares by Nemesia S.a.r.l. at an average cost of C$14.10 per share, indicating strong insider confidence in the company.

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Cormark upped their Q3 2025 EPS estimates for Lundin Mining in a research note issued to investors on Wednesday, August 13th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.21. Cormark also issued estimates for Lundin Mining's Q4 2025 earnings at $0.32 EPS.

Other research analysts have also recently issued reports about the stock. National Bankshares increased their price objective on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Desjardins set a C$17.00 price target on Lundin Mining and gave the company a "buy" rating in a research note on Thursday, June 19th. Scotiabank lifted their price target on Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. Raymond James Financial boosted their price objective on Lundin Mining from C$43.00 to C$53.00 in a research note on Tuesday, July 29th. Finally, Dnb Nor Markets raised Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$18.90.

Lundin Mining Price Performance

Lundin Mining stock traded down C$0.10 during trading hours on Friday, hitting C$15.00. 342,936 shares of the company traded hands, compared to its average volume of 2,540,423. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$16.07. The firm has a market cap of C$9.17 billion, a P/E ratio of 29.77, a P/E/G ratio of -0.26 and a beta of 1.66. The firm's 50-day simple moving average is C$14.36 and its two-hundred day simple moving average is C$12.85. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin bought 20,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. bought 900,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of C$14.10 per share, for a total transaction of C$12,690,000.00. 15.70% of the stock is currently owned by insiders.

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.