01:43:54 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Lundin Mining Corp
Symbol LUN
Shares Issued 771,904,307
Close 2023-05-19 C$ 10.63
Market Cap C$ 8,205,342,783
Recent Sedar Documents

Globe says Lundin seen having "substantial upside"

2023-05-23 08:36 ET - In the News

The Globe and Mail reports in its Saturday, May 20, edition that Stifel analyst Alex Terentiew thinks "the world needs more copper to meet its demand growth aspirations," leading to enticing investment opportunities. The Globe's David Leeder writes that Mr. Terentiew says, "Despite indications globally of slowing industrial activity and declining investor sentiment, copper prices have held ground, down 1 per cent year-to-date, solidly outperforming most other industrial commodities." Mr. Terentiew resumed coverage on Lundin Mining with a "buy" call and $13 share target. Analysts on average target the shares at $10.95. Mr. Terentiew says in a note: "Although many investors prefer certainty and a low-risk profile, Lundin's growing presence in Chile and Argentina provides substantial upside potential with a reasonable risk profile. Lundin, keeping in line with its founder's history, is actively progressing an early mover advantage to unlock substantial potential value and deliver the benefits consolidating operations in that part of the Andes can bring to stakeholders. Ultimately, we expect Lundin to be part of a consortium of companies that unlocks this potential and creates a new, world-class mining district."

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