Lundin Mining (TSE:LUN) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Lundin Mining (TSE:LUN) from a neutral rating to an underweight rating in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have C$28.20 price target on the mining company’s stock, down from their previous price target of C$32.90.

A number of other equities research analysts have also recently weighed in on LUN. Ventum Financial lifted their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Ci Capital upped their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th. Morgan Stanley increased their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Finally, Stifel Nicolaus boosted their target price on Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.87.

Lundin Mining Stock Performance

TSE LUN opened at C$36.74 on Monday. The stock has a market cap of C$31.40 billion, a PE ratio of 24.66, a P/E/G ratio of -0.26 and a beta of 2.01. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$45.74. The stock has a fifty day simple moving average of C$35.61 and a 200-day simple moving average of C$27.03.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Friday, February 20th. The mining company reported C$0.59 earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.The firm had revenue of C$1.51 billion during the quarter.

Key Stories Impacting Lundin Mining

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

• Positive Sentiment: Lundin agreed to increase its Chile footprint — acquiring an additional 5% of the Caserones mine and a ~31% interest in the Los Helados project, a transaction that expands copper production optionality and long-term growth potential. Lundin Mining to Acquire Additional 5% Ownership in Caserones and a 31% Interest in the Los Helados Project
• Positive Sentiment: The company paid roughly $215M to boost its Chile footprint and secure more copper exposure — a strategic capital deployment supporting future production and reserves growth in a high-demand commodity. Lundin spends $215M to boost Chile footprint
• Positive Sentiment: Lundin was named as the new minority partner at NGEx’s Los Helados copper‑gold project, formalizing partnership and development optionality on a major copper asset. NGEx Taps Lundin Mining as New Partner at Los Helados Copper-Gold Project
• Neutral Sentiment: The DRC reportedly dropped an objection related to historical (2017) sales involving Freeport and Lundin — a development that reduces an older legal overhang and may improve investor sentiment around geopolitical/legal risk exposure. DRC drops objection to $3.8bn Freeport, Lundin sales
• Neutral Sentiment: Press coverage highlighted a large personal gain by the Lundin family on a historic gold investment — positive PR but not directly material to Lundin Mining’s near-term operations or cash flow. Billionaire Lundin family scores 1,994% return on gold mine investment
• Negative Sentiment: J.P. Morgan downgraded Lundin to Underweight / sell-equivalent, citing valuation and/or commodity-cycle concerns — a near-term headwind for sentiment and potential catalyst for further analyst re-rates. JPMorgan Chase & Co. Downgrades Lundin Mining (TSE:LUN) to Underweight

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.