Lundin Mining Stock Earnings Estimates Reduced by Scotiabank

Lundin Mining Co. (TSE:LUN) – Scotiabank cut their FY2027 earnings per share (EPS) estimates for Lundin Mining in a report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $1.90 per share for the year, down from their prior estimate of $1.94.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 4th. The mining company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$1.58 billion during the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

Other research analysts have also issued reports about the company. TD cut their price target on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 7th. Canaccord Genuity Group downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Barclays boosted their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. ATB Cormark Capital Markets dropped their target price on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research report on Monday, August 24th. Finally, Stifel Nicolaus upped their target price on shares of Lundin Mining from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$39.81.

Lundin Mining Stock Performance

Shares of TSE LUN opened at C$28.05 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. The business’s 50 day moving average is C$33.66 and its two-hundred day moving average is C$35.83. The company has a market cap of C$23.88 billion, a P/E ratio of 16.03, a P/E/G ratio of -0.26 and a beta of 2.16. Lundin Mining has a 12 month low of C$23.66 and a 12 month high of C$45.74.

About Lundin Mining

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.