Lundin Mining FY2026 Earnings Forecast Lifted by Scotiabank

Lundin Mining Co. (TSE:LUN) – Analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Lundin Mining in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.76 for the year, up from their prior forecast of $1.59. Scotiabank also issued estimates for Lundin Mining’s FY2027 earnings at $1.94 EPS.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%. The company had revenue of C$1.72 billion for the quarter.

Other analysts also recently issued research reports about the company. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. National Bank Financial cut their target price on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. TD reduced their price target on shares of Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Desjardins decreased their price target on shares of Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, 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. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$39.71.

Lundin Mining Stock Performance

TSE LUN opened at C$32.72 on Thursday. The stock has a market capitalization of C$27.86 billion, a PE ratio of 18.70, a P/E/G ratio of -0.26 and a beta of 2.36. The business has a 50 day simple moving average of C$35.46 and a two-hundred day simple moving average of C$36.40. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.60 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$20.09 and a 1-year high of C$45.74.

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.