One thing we could say about the analysts on Lundin Mining Corporation (TSE:LUN) – they aren’t optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
Following the downgrade, the consensus from nine analysts covering Lundin Mining is for revenues of US$3.5b in 2025, implying a not inconsiderable 15% decline in sales compared to the last 12 months. Per-share earnings are expected to bounce 45% to US$0.46. Prior to this update, the analysts had been forecasting revenues of US$3.6b and earnings per share (EPS) of US$0.46 in 2025. So it looks like the analysts have become a bit less optimistic after the latest consensus updates announcement, with revenues expected to…
