Lundin Mining (TSE:LUN) Sets New 1-Year High After Analyst Upgrade

Lundin Mining Co. (TSE:LUN)’s stock price reached a new 52-week high during trading on Tuesday after Cormark upgraded the stock from a hold rating to a moderate buy rating. The stock traded as high as C$29.33 and last traded at C$29.30, with a volume of 2122438 shares traded. The stock had previously closed at C$28.30.

Other research analysts have also issued research reports about the stock. Haywood Securities raised their price target on shares of Lundin Mining from C$28.00 to C$32.00 in a report on Tuesday, December 16th. Stifel Nicolaus increased their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. CIBC lifted their target price on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. Scotiabank upped their price target on shares of Lundin Mining from C$23.00 to C$23.50 in a research report on Tuesday, October 28th. Finally, TD Securities increased their price target on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.42.

Trending Headlines about Lundin Mining

Here are the key news stories impacting Lundin Mining this week:

• Positive Sentiment: Cormark upgraded Lundin from “market perform”/hold to a buy/moderate buy, signaling improved analyst sentiment that supports buying interest. Cormark Upgrade (via Zacks)
• Positive Sentiment: Ventum Financial raised its price target from C$25.00 to C$32.00, implying additional upside versus recent levels and reinforcing the upgrade-driven momentum. Price Target Raise (TickerReport)
• Positive Sentiment: Coverage in financial press notes Lundin hit a new one‑year high following analyst upgrades — a technical signal that can attract momentum traders and ETF/quant flows. 1‑Year High After Upgrade
• Positive Sentiment: A Seeking Alpha piece recommends considering rotation into Lundin, highlighting investor interest and the narrative that funds may reallocate to base‑metals exposure. Rotation Thesis (Seeking Alpha)
• Neutral Sentiment: Local industry news: the Eagle Mine and Humboldt Mill assets have been sold in Marquette County — sector-level asset transfers can change regional supply dynamics but are not a direct Lundin operational update. Eagle Mine/Humboldt Mill Sale
• Neutral Sentiment: Organizations are responding publicly to the Talon Metals acquisition of Eagle Mine & Humboldt Mill — sector commentary that may influence sentiment in related base‑metals names. Organizations Respond (MSN)
• Negative Sentiment: Coverage about the “Lundin mining verdict” and Canada’s evolving disclosure landscape highlights ongoing regulatory and reputational risks that could affect the company’s cost of capital or lead to increased compliance scrutiny. Verdict / Disclosure Landscape

Lundin Mining Trading Up 0.8%

The business has a 50 day moving average of C$24.79 and a two-hundred day moving average of C$19.03. The firm has a market capitalization of C$25.26 billion, a price-to-earnings ratio of 984.00, a P/E/G ratio of -0.26 and a beta of 1.93. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The firm had revenue of C$1.40 billion during the quarter.

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.