FY2027 EPS Estimates for Lundin Mining Boosted by Scotiabank

Lundin Mining Co. (TSE:LUN) – Scotiabank lifted their FY2027 earnings per share (EPS) estimates for Lundin Mining in a research report issued on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.20 for the year, up from their prior forecast of $1.11. Scotiabank currently has a “Outperform” rating and a $31.00 target price on the stock.

Several other research firms also recently commented on LUN. CIBC upped their target price on Lundin Mining from C$24.00 to C$30.00 in a research report on Friday, December 12th. Haywood Securities upped their price objective on Lundin Mining from C$32.00 to C$42.00 in a report on Friday. Jefferies Financial Group raised their price target on shares of Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. TD Securities increased their target price on shares of Lundin Mining from C$28.00 to C$42.00 in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Lundin Mining from C$23.00 to C$29.00 in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Stock Performance

TSE LUN opened at C$35.29 on Monday. The stock has a market cap of C$30.15 billion, a PE ratio of 1,176.33, a P/E/G ratio of -0.26 and a beta of 2.12. 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 50-day moving average of C$29.23 and a 200-day moving average of C$22.07. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$37.10.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The business had revenue of C$1.40 billion during the quarter.

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.