Scotiabank Forecasts Increased Earnings for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Scotiabank raised their FY2025 earnings per share estimates for Lundin Mining in a research report issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.76 per share for the year, up from their previous estimate of $0.68. Scotiabank also issued estimates for Lundin Mining’s FY2025 earnings at $0.76 EPS.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Lundin Mining from an “overweight” rating to a “neutral” rating and boosted their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. Raymond James Financial raised Lundin Mining to a “hold” rating in a research note on Monday, June 30th. Desjardins set a C$17.00 price target on Lundin Mining and gave the company a “buy” rating in a research note on Thursday, June 19th. Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the company a “sector perform” rating in a research report on Thursday, June 19th. Finally, UBS Group downgraded Lundin Mining from a “buy” rating to a “neutral” rating and decreased their price objective for the company from C$13.50 to C$13.00 in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$15.76.

Lundin Mining Stock Performance

TSE:LUN opened at C$13.71 on Friday. The stock has a 50-day simple moving average of C$13.72 and a two-hundred day simple moving average of C$12.49. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$15.36. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a market capitalization of C$8.38 billion, a PE ratio of 27.21, a P/E/G ratio of -0.26 and a beta of 1.66.

Insider Activity at Lundin Mining

In related news, insider Nemesia S.a.r.l. bought 900,000 shares of the company’s stock in a transaction on Friday, June 13th. The shares were acquired at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. 15.70% of the stock is owned by corporate insiders.

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.