Lundin Mining stock slips as buybacks and Q2 figures land

Lundin Mining stock (CA5503721063) traded at C$35.88 on September 1, 2026, down 3.31 percent, while market data showed a market capitalization of C$30.545 billion and a 52-week range of C$15.47 to C$45.74. The Toronto-listed copper producer also reported Q2 2026 revenue of 1.21 billion USD and normalized EPS of 0.30 USD.

Buybacks and share count

According to the share capital update, Lundin Mining said on August 31, 2026 that issued and outstanding shares rose by 44,794 to 851,337,385. The company also said it had bought back 6,098,494 shares in 2026 at an average cost of about C$35.70 each.

The current trading range puts the stock below the C$37.11 level quoted by InvestSMART and the C$39.72 consensus target shown by MarketBeat. That leaves valuation, not just the quarter, in the center of the debate.

Q2 still matters

Yahoo Finance data for Q2 FY26 showed revenue of 1.21 billion USD and earnings of 292.8 million USD, with profit margin at 24.14 percent. The same source showed normalized EPS of 0.30 USD versus an estimate of 0.36 USD, a gap of 0.06 USD.

For investors, that comparison is more useful than the headline share move. It shows that the latest quarter combined solid profitability with an earnings miss against the estimate.

Copper remains the core

Lundin Mining describes itself as a Canadian base metals miner with copper at the center of the portfolio, alongside zinc, gold and nickel exposure. Its August 31, 2026 release also pointed to three operating mines in Brazil and Chile and a strategic goal of becoming a top ten global copper producer.

Price and range

As of September 1, 2026, the stock was at C$35.88 on Yahoo Finance, with intraday market capitalization at C$30.545 billion and a 52-week range of C$15.47 to C$45.74. The average price target on MarketBeat stood at C$39.72.