FY2025 EPS Estimates for Lundin Mining Raised by Desjardins

Lundin Mining Co. (TSE:LUN) – Equities researchers at Desjardins increased their FY2025 earnings per share estimates for shares of Lundin Mining in a report released on Wednesday, June 18th. Desjardins analyst B. Adams now expects that the mining company will earn $0.66 per share for the year, up from their previous forecast of $0.64. Desjardins currently has a “Buy” rating and a $17.00 target price on the stock.

Several other analysts have also issued reports on the stock. BMO Capital Markets upgraded shares of Lundin Mining to a “strong-buy” rating in a research report on Friday, June 6th. Royal Bank Of Canada set a C$16.00 price target on shares of Lundin Mining and gave the company a “sector perform” rating in a research note on Thursday, June 19th. Canaccord Genuity Group upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 16th. The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Scotiabank lifted their price target on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$15.85.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$13.73 on Monday. 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 fifty day moving average of C$12.64 and a 200 day moving average of C$12.27. The firm has a market cap of C$8.39 billion, a PE ratio of 27.25, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$8.94 and a one year high of C$16.31.

Insiders Place Their Bets

In other news, Director Jack Oliver Lundin purchased 20,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was acquired 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. purchased 2,000,000 shares of Lundin Mining stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. Over the last 90 days, insiders have purchased 3,070,000 shares of company stock valued at $37,265,934. Insiders own 15.70% of the company’s stock.

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.