Scotiabank Brokers Lift Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Scotiabank boosted their FY2026 earnings per share estimates for Lundin Mining in a research report issued on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $1.77 per share for the year, up from their prior forecast of $1.76. Scotiabank also issued estimates for Lundin Mining’s FY2027 earnings at $1.89 EPS.

A number of other equities analysts also recently weighed in on LUN. Canaccord Genuity Group raised shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Barclays upped their price target on shares of Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. TD cut their price target on shares of Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Stifel Nicolaus increased their price target on Lundin Mining from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Desjardins dropped their price objective on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$39.81.

Lundin Mining Stock Down 3.6%

Lundin Mining stock opened at C$29.46 on Friday. The firm has a market cap of C$25.08 billion, a price-to-earnings ratio of 16.10, a PEG ratio of -0.26 and a beta of 2.16. Lundin Mining has a 52-week low of C$23.66 and a 52-week high of C$45.74. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.90 and a current ratio of 1.67. The firm has a 50 day moving average price of C$32.97 and a two-hundred day moving average price of C$35.72.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 4th. The mining company reported C$0.46 EPS for the quarter. The business had revenue of C$1.58 billion for the quarter. Lundin Mining had a return on equity of 22.98% and a net margin of 35.54%.

Lundin Mining Company Profile

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.