Brokers Set Expectations for Lundin Mining FY2027 Earnings

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Lundin Mining in a research note issued on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings of $1.20 per share for the year, up from their prior estimate of $1.11. Scotiabank currently has a “Outperform” rating and a $31.00 price target on the stock.

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

Several other research analysts also recently commented on the stock. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Citigroup set a C$32.00 price objective on Lundin Mining and gave the company a “buy” rating in a research note on Monday, December 15th. National Bankshares upped their target price on Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Finally, Raymond James Financial cut their price target on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$35.74 on Monday. The company has a 50 day moving average of C$29.45 and a 200 day moving average of C$22.22. The stock has a market cap of C$30.53 billion, a P/E ratio of 1,191.33, a P/E/G ratio of -0.26 and a beta of 2.12. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$37.10. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

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.