TD Securities has revised its stance on Lundin Mining (LUNMF, Financial), upgrading the company from a Hold to a Buy. The firm has set a price target of C$13, despite adjusting its near-term earnings forecasts due to the impact of lower copper prices. This adjustment comes as global markets face uncertainty influenced by tariff-related issues.
Analyst Craig Hutchison believes that Lundin Mining stands out as a robust player in the base metals sector. The company's strong positioning is considered an asset in weathering ongoing macroeconomic challenges. This strategic upgrade underlines the confidence in Lundin Mining's ability to navigate through market fluctuations effectively, making it an attractive option for investors amid current global conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Lundin Mining Corp (LUNMF, Financial) is $9.42 with a high estimate of $12.00 and a low estimate of $6.84. The average target implies an upside of 20.97% from the current price of $7.79. More detailed estimate data can be found on the Lundin Mining Corp (LUNMF) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Lundin Mining Corp's (LUNMF, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lundin Mining Corp (LUNMF, Financial) in one year is $8.63, suggesting a upside of 10.83% from the current price of $7.787. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lundin Mining Corp (LUNMF) Summary page.
