Lundin Mining (TSE:LUN) Rating Lowered to Hold at Cormark

Lundin Mining (TSE:LUN) was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports. Cormark also issued estimates for Lundin Mining’s Q4 2025 earnings at $0.43 EPS.

A number of other analysts have also weighed in on LUN. Morgan Stanley upped their price objective on Lundin Mining from C$13.70 to C$14.50 in a research report on Wednesday, August 20th. Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Jefferies Financial Group lifted their price objective on Lundin Mining from C$18.00 to C$26.00 in a research note on Monday, October 6th. TD Securities lifted their price target on shares of Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, BMO Capital Markets increased their target price on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.59.

Lundin Mining Stock Down 4.0%

Shares of LUN opened at C$25.13 on Thursday. The company’s 50-day simple moving average is C$20.53 and its 200-day simple moving average is C$16.26. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$26.41. The stock has a market capitalization of C$21.53 billion, a PE ratio of 837.67, a P/E/G ratio of -0.26 and a beta of 1.93.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 5th. The mining company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$1.40 billion for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

About Lundin Mining

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.