TD Securities Maintains Buy on Lundin Mining (LUNMF) Feb 2026, PT C$45
TD Securities maintained a Buy on Lundin Mining Corporation (LUNMF) on February 23, 2026, and raised its price target to C$45. The LUNMF analyst rating update signals continued confidence from a major Canadian broker despite recent stock weakness. TD kept the Buy stance while lifting the target from C$42. Investors should note the firm reported a -9.96% price change since the note and Lundin’s market cap of $26,024,048,579.
LUNMF analyst rating: TD Securities maintains Buy
TD Securities on February 23, 2026 maintained its Buy rating for Lundin Mining and raised the price target to C$45 from C$42. The note appears aimed at reflecting updated mine plans and commodity assumptions.
The rating action is documented in market reports and summarized by The Fly, which reported the price target change and the maintained Buy view The Fly.
Price target change and analyst rationale for LUNMF
TD cited model updates and stronger medium-term metal pricing as reasons for the C$45 target. Raising the target by C$3 reflects modest upward revision rather than a rating reversal.
Recent company commentary and the Q4 2025 call point to an improved mine plan and higher copper and gold recoveries, supporting the analyst tweak Seeking Alpha.
What the maintained Buy means for investors
A maintained Buy means TD expects outperformance versus peers, not an immediate buy signal for all investors. The price target implies upside from current levels, assuming commodity prices and operations stay on plan.
Investors should weigh the maintained Buy against recent stock moves. The note alone does not guarantee a turnaround and should be one input in broader analysis.
Historical analyst coverage and wider context
Lundin Mining has had steady coverage from Canadian and U.S. brokers, including BofA Securities and TD Cowen in recent months. Coverage has focused on mine plans and copper exposure.
The single maintained Buy from TD fits a pattern of constructive views from major brokers while highlighting execution and commodity risk as key variables.
Connecting the rating to recent stock performance
The TD update arrived after a period when the stock moved down 9.96% (a $-2.88 change reported). That decline shows the market priced in short-term concerns despite the upgraded target.
Price moves will reflect earnings, PEA updates, and metal prices, so ratings upgrades or maintained Buys can moderate selloffs but do not always reverse them immediately.
Meyka AI grade, outlook, and next catalysts
Meyka AI rates LUNMF with a grade of B. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade blends fundamental and market signals.
Meyka AI as an AI-powered market analysis platform flags upcoming catalysts: PEA updates, quarterlies, and commodity moves. These will test whether TD’s C$45 target is achievable. Ratings and grades are not guaranteed and are not financial advice.
Final Thoughts
TD Securities maintained a Buy on Lundin Mining (LUNMF) on February 23, 2026, and raised its price target to C$45 from C$42, signaling modest analyst optimism. The LUNMF analyst rating reflects model updates and improved mine-plan metrics reported in recent company disclosures. For investors, a maintained Buy with a higher target suggests potential upside if commodity prices and operations hold. However, the stock recorded a -9.96% move recently, showing shorter-term volatility. Meyka AI rates LUNMF with a grade of B. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Use the TD note alongside company results, upcoming PEA milestones, and commodity trends when sizing positions. Ratings and our grade are informational and not financial advice.
FAQs
What exactly changed in the TD Securities note on February 23, 2026?
TD Securities maintained a Buy for Lundin Mining and raised the price target to C$45 from C$42. The note reflects model updates and improved mine-plan assumptions in their valuation.
How should I interpret the LUNMF analyst rating for my portfolio?
The LUNMF analyst rating maintained at Buy signals expected outperformance versus peers. Investors should combine this with company reports, commodity outlooks, and risk tolerance before trading.
Does the new price target change the stock outlook materially?
The C$45 target is a modest lift. It suggests analyst confidence but not a fundamental rerating. Short-term stock moves and commodity swings can still dominate returns.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.