Scotiabank lifts Lundin Mining stock forecast to CAD 1.76

Published on 10/15/2026 at 22:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.21 billion in 2026. Lundin Mining stock stood at EUR 20.92 on October 15, 2026, while Toronto closed at CAD 32.72.

Analyst forecast and results date

Scotiabank raised its fiscal 2026 earnings-per-share forecast to CAD 1.76 from CAD 1.59 in a note dated October 13, 2026.
Lundin Mining reported USD 1.21 billion in revenue for the second quarter of 2026.
Lundin Mining stock stood at EUR 20.92 at Lang & Schwarz on October 15, 2026 at 10:33 p.m. CEST.
Lundin Mining scheduled its third-quarter 2026 results for November 4, 2026.

LUN, CA5503721063, Illustration mit AI erstellt.

Scotiabank raised Lundin Mining's fiscal 2026 earnings-per-share forecast to CAD 1.76 from CAD 1.59 in a research note dated October 13, 2026, according to MarketBeat. Lundin Mining stock stood at EUR 20.92 at Lang & Schwarz on October 15, 2026 at 10:33 p.m. CEST.

Quarterly revenue sets the base

Lundin Mining reported USD 1.21 billion in revenue for the second quarter of 2026 and net income of USD 292.8 million. Diluted earnings per share came to USD 0.34 for the same period. The figures show the scale behind the revised full-year forecast, while the reporting period keeps the comparison anchored to the latest completed quarter.

Operating cash flow reached USD 458.8 million in the second quarter of 2026, while capital expenditures were USD 196.7 million. The company therefore generated USD 262.1 million in free cash flow during the quarter. According to MarketBeat, the company had reported quarterly revenue of CAD 1.72 billion and quarterly earnings per share of CAD 0.43 in its latest earnings release.

Valuation and the next date

Lundin Mining's market capitalization was USD 19.9 billion, its trailing price-to-earnings ratio was 13.11, and its trailing dividend yield was 0.00 percent as of October 15, 2026. The primary listing is on the Toronto Stock Exchange under ticker LUN, while the company also lists LUMI in Stockholm. Its 52-week range was CAD 20.09 to CAD 45.74, according to MarketBeat.

The next scheduled reporting date is November 4, 2026, when Lundin Mining plans to release its third-quarter 2026 financial results, according to the company's investor calendar. That date gives the revised earnings forecast its next formal checkpoint.

Comparison with peers

Lundin Mining (TSX, CAD): P/E 13.11, market capitalization USD 19.9 billion.

Freeport-McMoRan (NYSE, USD): plus 0.85 percent, P/E 34.34, market capitalization USD 100.7 billion.

Teck Resources (NYSE, USD): plus 1.45 percent, P/E 18.36, market capitalization USD 31.8 billion.

Price stays the market frame

The latest euro quotation places Lundin Mining in the context of a broad range extending from CAD 20.09 to CAD 45.74 on the Toronto listing. The company combines copper exposure with zinc, gold and nickel production across Brazil, Chile, Portugal, Sweden and the United States.

At Lang & Schwarz, Lundin Mining stood at EUR 20.92 on October 15, 2026 at 10:33 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Lundin Mining stock.