Lundin Mining Corporation

OTCPK:LUNM.F Stock Report

Market Cap: US$21.8b

Lundin Mining Valuation

Is LUNM.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of LUNM.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LUNM.F ($25.55) is trading below our estimate of future cash flow value ($44.93)

Significantly Below Future Cash Flow Value: LUNM.F is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LUNM.F?

Key metric: As LUNM.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LUNM.F. This is calculated by dividing LUNM.F's market cap by their current earnings.
What is LUNM.F's PE Ratio?
PE Ratio20.9x
EarningsUS$1.05b
Market CapUS$21.84b

Price to Earnings Ratio vs Peers

How does LUNM.F's PE Ratio compare to its peers?

The above table shows the PE ratio for LUNM.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.7x
FCX Freeport-McMoRan
38.8x12.21%US$85.3b
SCCO Southern Copper
35.2x6.04%US$152.8b
RGLD Royal Gold
50.9x18.42%US$23.7b
AA Alcoa
13.8x3.29%US$15.7b
LUNM.F Lundin Mining
20.9x-9.19%US$29.7b

Price-To-Earnings vs Peers: LUNM.F is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (34.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does LUNM.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AUCO.Y Polymetal International
4xn/aUS$899.89m
BMXI Brookmount Explorations
1.2xn/aUS$8.97m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
MDSM.F Ten Sixty Four
0.06xn/aUS$455.60k
LUNM.F 20.9xIndustry Avg. 22.2xNo. of Companies9PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUNM.F is good value based on its Price-To-Earnings Ratio (20.9x) compared to the US Metals and Mining industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is LUNM.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LUNM.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: LUNM.F is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LUNM.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$26.00
US$27.10
+4.23%
14.87%US$34.35US$19.97n/a23
Mar ’27US$31.92
US$26.96
-15.52%
14.84%US$34.35US$19.97n/a23
Feb ’27US$25.23
US$24.59
-2.54%
16.52%US$31.03US$18.84n/a23
Jan ’27US$21.52
US$20.29
-5.70%
12.30%US$23.65US$14.27n/a23
Dec ’26US$18.40
US$18.15
-1.35%
8.62%US$20.19US$14.27n/a22
Nov ’26US$16.12
US$16.84
+4.46%
10.56%US$20.00US$12.71n/a22
Oct ’26US$14.85
US$13.09
-11.86%
12.87%US$16.14US$10.18n/a22
Sep ’26US$11.56
US$12.47
+7.87%
9.91%US$15.27US$10.18n/a22
Aug ’26US$10.10
US$12.09
+19.65%
9.65%US$14.68US$10.01n/a22
Jul ’26US$10.52
US$11.53
+9.60%
10.13%US$13.91US$9.01n/a22
Jun ’26US$9.47
US$10.95
+15.65%
11.41%US$13.67US$8.79n/a21
May ’26US$8.35
US$10.65
+27.58%
13.81%US$13.53US$8.16n/a21
Apr ’26US$8.27
US$10.91
+31.94%
11.79%US$13.28US$8.22n/a19
Mar ’26US$7.98
US$10.88
+36.37%
11.93%US$13.38US$8.22US$31.9218
Feb ’26US$7.89
US$11.01
+39.65%
10.41%US$13.19US$8.61US$25.2318
Jan ’26US$8.61
US$12.01
+39.54%
8.65%US$14.16US$10.15US$21.5219
Dec ’25US$9.73
US$12.09
+24.28%
13.01%US$14.38US$6.83US$18.4019
Nov ’25US$9.79
US$12.39
+26.58%
12.69%US$14.72US$6.87US$16.1219
Oct ’25US$10.48
US$12.42
+18.55%
12.53%US$14.48US$7.06US$14.8519
Sep ’25US$10.32
US$12.63
+22.42%
13.05%US$14.48US$7.06US$11.5619
Aug ’25US$9.60
US$12.69
+32.21%
13.59%US$14.48US$6.86US$10.1019
Jul ’25US$11.27
US$13.03
+15.57%
15.12%US$16.07US$6.21US$10.5221
Jun ’25US$11.49
US$12.70
+10.55%
15.00%US$14.67US$6.23US$9.4721
May ’25US$11.15
US$11.47
+2.91%
16.34%US$14.57US$5.68US$8.3521
Apr ’25US$10.41
US$9.56
-8.16%
18.70%US$13.23US$4.73US$8.2721
Mar ’25US$7.98
US$8.83
+10.70%
15.09%US$10.73US$4.74US$7.9820
US$27.12
Fair Value
4.1% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 16:37
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lundin Mining Corporation is covered by 50 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stefan IoannouATB Cormark Historical (Cormark Securities)
Farooq HamedBarclays
Charlie ClarkBerenberg