Cormark Has Optimistic Outlook of Lundin Mining Q3 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark boosted their Q3 2025 earnings per share estimates for Lundin Mining in a research report issued on Wednesday, August 13th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.30 per share for the quarter, up from their prior estimate of $0.21. Cormark also issued estimates for Lundin Mining’s Q4 2025 earnings at $0.32 EPS.

A number of other brokerages have also recently commented on LUN. JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and upped their price target for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Scotiabank upped their price objective on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. National Bankshares upped their price objective on Lundin Mining from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Raymond James Financial upped their price objective on Lundin Mining from C$43.00 to C$53.00 in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the stock a “sector perform” rating in a research note on Thursday, June 19th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$18.90.

Lundin Mining Stock Performance

Shares of LUN opened at C$15.66 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The business has a 50-day simple moving average of C$14.32 and a two-hundred day simple moving average of C$12.79. The stock has a market cap of C$9.57 billion, a price-to-earnings ratio of 31.08, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$16.07.

Insider Buying and Selling

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

Lundin Mining Company Profile

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.