Lundin Mining hits 12-month high on broker upgrades and strong base metals sentiment.

Lundin Mining (TSE:LUN) hit a 12-month high of C$24.10 on November 6, 2025, closing at C$24.09, up from C$22.69, driven by multiple broker upgrades and positive sentiment on base metals. BMO Capital Markets raised its price target to C$25.00, while TD Securities and Jefferies set theirs at C$26.00. Despite a negative P/E ratio and high volatility (beta of 1.93), analysts maintain a consensus "Moderate Buy" rating, with an average target of C$20.09–C$20.44. The company, operating in five countries, produces copper, zinc, gold, and nickel.