Lundin Mining (LUN:CA) (LUNMF)
On April 15, 2025, TD Securities issued a research report and upgraded Lundin Mining Corporation to a “Buy” from a “Hold” rating and set a 12-month price target of CAD 13. This new target suggests a potential upside of over 22.8% from the last closing price of CAD 10.59, signaling renewed confidence in the company’s near-term outlook.
The upgrade from TD aligns closely with the broader bullish sentiment surrounding the stock. According to a consensus of 12 analysts, the average target price for Lundin Mining over the next year is CAD 15.09, which indicates an even greater upside potential of about 42.4%. The average analyst rating is “Strong Buy”, reflecting optimism in the company’s fundamentals, especially among those anticipating a rebound in base metal prices.
Stock Target Advisor’s fundamental analysis assesses the stock as “Slightly Bullish”, driven by 7 positive indicators compared to 5 negative ones in their proprietary analysis.
Recent Price Movement:
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Past Week: +9.29%
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Past Month: -17.14%
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Past Year: -31.28%
While the stock has seen a strong short-term bounce, it remains significantly down on a 1-year basis, largely due to pressure from weaker copper prices, higher operating costs, and broader concerns about global demand.
Bottom Line:
The TD Securities upgrade provides a vote of confidence at a time when Lundin Mining is working to rebound from a tough year. With copper seen as a key beneficiary of long-term electrification trends, and the stock trading well below its consensus target, the risk/reward may now favor buyers, particularly those with a medium- to long-term horizon.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
