The Globe and Mail reports in its Tuesday, Aug. 25, edition that ATB Cormark Capital Markets analyst Stefan Ioannou has reiterated his "outperform" recommendation for Lundin Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ioannou cut his share target back by a loonie to $41.50. Analysts on average target the shares at $42. Mr. Ioannou says in a note: "A second severe winter storm and related power outage (re-damaged transmission tower) have impacted Lundin's 'No.2' Caserones mine in Chile -- prompting a 2026E guidance revision. Although arguably already 'water under the bridge,' we have updated our model accordingly, which in turn has modestly impacted our 2026E-based target price." The Globe reported on March 13 and Aug. 20 that Desjardins Securities analyst Bryce Adams had reiterated his "buy" recommendation. The shares could then be had for $35.83 and $36.11.
© 2026 Canjex Publishing Ltd. All rights reserved.