Scotiabank Analysts Cut Earnings Estimates for Lundin Mining

Lundin Mining Corp. (OTCMKTS:LUNMF) – Equities researchers at Scotiabank lowered their FY2026 earnings per share estimates for Lundin Mining in a research report issued on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $1.15 per share for the year, down from their prior estimate of $1.22. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Lundin Mining’s current full-year earnings is $1.28 per share. Scotiabank also issued estimates for Lundin Mining’s FY2027 earnings at $1.24 EPS.

A number of other research firms have also recently commented on LUNMF. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Citigroup reiterated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Canaccord Genuity Group downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Lundin Mining Stock Performance

OTCMKTS:LUNMF opened at $27.61 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. Lundin Mining has a twelve month low of $11.21 and a twelve month high of $33.29. The company has a fifty day moving average of $25.35 and a 200-day moving average of $26.42. The firm has a market capitalization of $23.57 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.08 and a beta of 1.26.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canada-based diversified base metals mining company engaged in the acquisition, exploration, development, and operation of mines. The company’s portfolio encompasses copper, nickel, zinc, and lead, with by-products including gold and silver. Through its technical expertise and focus on cost-effective operations, Lundin Mining aims to maximize long-term value while meeting industry standards for safety and environmental stewardship.

Operationally, Lundin Mining holds interests in several producing assets across the Americas and Europe.