Cormark Has Bullish Forecast for Lundin Mining Q1 Earnings

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Cormark increased their Q1 2026 earnings estimates for shares of Lundin Mining in a report released on Tuesday, May 27th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.32 for the quarter, up from their prior estimate of $0.27. Cormark also issued estimates for Lundin Mining's Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.32 EPS and Q4 2026 earnings at $0.32 EPS.

Other research analysts have also recently issued research reports about the company. Morgan Stanley decreased their price target on Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank raised their target price on Lundin Mining from C$13.00 to C$14.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, National Bankshares decreased their price target on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$15.65.

Lundin Mining Stock Performance

Shares of TSE:LUN traded down C$0.22 during trading on Wednesday, hitting C$12.94. 6,301,469 shares of the company traded hands, compared to its average volume of 2,626,624. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The stock has a market capitalization of C$7.91 billion, a price-to-earnings ratio of 25.68, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$8.94 and a one year high of C$16.73. The business's fifty day moving average is C$11.61 and its 200-day moving average is C$12.28.

Insider Buying and Selling

In related news, Director Jack Oliver Lundin acquired 20,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of C$10.82 per share, with a total value of C$1,623,000.00. Insiders purchased 2,170,000 shares of company stock worth $24,575,934 in the last 90 days. 15.70% of the stock is owned by company 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.