Raymond James Financial Upgrades Lundin Mining (TSE:LUN) to “Hold”

Raymond James Financial upgraded shares of Lundin Mining (TSE:LUN) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports. Raymond James Financial also issued estimates for Lundin Mining’s Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.74 EPS.

Several other research firms have also recently commented on LUN. Royal Bank Of Canada set a C$16.00 target price on shares of Lundin Mining and gave the company a “sector perform” rating in a research note on Thursday, June 19th. Scotiabank increased their price objective on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. Dnb Nor Markets upgraded shares of Lundin Mining to a “hold” rating in a research note on Tuesday, June 17th. The Goldman Sachs Group set a C$16.60 price objective on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, National Bankshares increased their price objective on shares of Lundin Mining from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.91.

Lundin Mining Price Performance

TSE:LUN opened at C$15.06 on Monday. The stock has a market cap of C$9.20 billion, a P/E ratio of 29.89, 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. The company has a fifty day moving average price of C$13.14 and a 200 day moving average price of C$12.34. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Insider Activity

In other news, Director Jack Oliver Lundin bought 20,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. bought 900,000 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. 15.70% of the stock is currently owned by corporate insiders.

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.