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Lundin Mining (LUNMF, Copper mining) Stock Valuation & Fair Value

Mixed on our tests

Lundin Mining (LUNMF, Copper mining) trades at a current P/E of 17.1, about 4% above its historical normal valuation, with a forward growth estimate of 0.1%. Analysts' one-year estimates have been hit 9% of the time. Priced at its historical normal P/E of 16.6 on the same blended earnings, the 2026-11-06 close of $20.92 corresponds to about $20.20 a share. This is a valuation reference, not a price target. The $20.92 close is the one the P/E is read at; the technical context below uses the 2026-11-06 close, $21.00.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
17.1
Normal P/E
16.6
PEG
—
Fwd growth
0.1%
Div yield
1.3%
RSI (14)
42.1
Neutral
Technical context
  • Price $21.00 at the Nov 6 close, 6.1% below the 20-day average ($22.36) and 11.8% below the 50-day ($23.82).
  • RSI (14) at 42.1.
  • 52-week range $17.17 to $32.41: the price is 35.2% below the high and 22.3% above the low.

The Street vs SeerForecast

Wall Street's mean price target for LUNMF is $32.00 across 1 analysts, 52.4% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from poor on forward returns (2026-09-19) to mixed on our tests (2026-11-02). New rating rules took effect in the week of 2026-11-02, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

Current P/E and rating by weekCurrent P/E moved from 20.9 to 16.9 between 2026-09-18 and 2026-10-30, against a normal P/E of 16.6, with 1 rating change over 6 recorded weeks.2026-09-18: P/E 20.9, Poor on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 20.9, Poor on forward returns, recorded live 2026-09-212026-09-25: P/E 21.5, Poor on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 21.5, Poor on forward returns, recorded live 2026-09-282026-10-02: P/E 21.3, Poor on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 21.3, Poor on forward returns, recorded live 2026-10-052026-10-09: P/E 21.1, Poor on forward returns, recalculated for the week of 2026-10-102026-10-09: P/E 21.1, Poor on forward returns, recorded live 2026-10-122026-10-23: P/E 17.5, Poor on forward returns, recalculated for the week of 2026-10-242026-10-23: P/E 17.5, Poor on forward returns, recorded live 2026-10-262026-10-30: P/E 16.9, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 16.9, Mixed on our tests, recorded live 2026-11-0218.020.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 16.6
Mixed on our testsPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 20.9+26%Poor on forward returns (recalculated)
2026-09-26P/E 21.5+30%Poor on forward returns (recalculated)
2026-10-31P/E 16.9+2%Mixed on our tests (recalculated) (across a rating rules change)
2026-11-02P/E 16.9+2%Mixed on our tests ← now
Show all 12 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 20.9+26%Poor on forward returns (recalculated)
2026-09-21P/E 20.9+26%Poor on forward returns
2026-09-26P/E 21.5+30%Poor on forward returns (recalculated)
2026-09-28P/E 21.5+30%Poor on forward returns
2026-10-03P/E 21.3+28%Poor on forward returns (recalculated)
2026-10-05P/E 21.3+28%Poor on forward returns
2026-10-10P/E 21.1+27%Poor on forward returns (recalculated)
2026-10-12P/E 21.1+27%Poor on forward returns
2026-10-24P/E 17.5+6%Poor on forward returns (recalculated)
2026-10-26P/E 17.5+6%Poor on forward returns
2026-10-31P/E 16.9+2%Mixed on our tests (recalculated) (across a rating rules change)
2026-11-02P/E 16.9+2%Mixed on our tests ← now

Frequently asked questions

Is Lundin Mining stock overvalued?

At a current P/E of 17.1 versus its historical normal P/E of 16.6, Lundin Mining trades about 4% above its typical valuation. tickerseer currently rates it mixed on our tests.

What is Lundin Mining's fair value and PEG?

Lundin Mining trades at a current P/E of 17.1 against a historical normal P/E of 16.6, a forward growth estimate of 0.1%. Priced at its historical normal P/E of 16.6 on the same blended earnings, the 2026-11-06 close of $20.92 corresponds to about $20.20 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Lundin Mining changed?

tickerseer's rating moved from poor on forward returns (2026-09-19) to mixed on our tests (2026-11-02). New rating rules took effect in the week of 2026-11-02, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

What is the analyst price target for Lundin Mining?

The mean Wall Street price target for Lundin Mining is $32.00 across 1 analysts, 52.4% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Copper mining. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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