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Lundin Mining Corp
Symbol LUN
Shares Issued 733,692,965
Close 2020-11-13 C$ 8.84
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Globe says Lundin Mining kept at "sector outperform"

2020-11-13 08:46 ET - In the News

The Globe and Mail reports in its Friday, Nov. 13, edition that Scotia Capital analyst Orest Wowkodaw, in a research note titled An Appetizing Copper Menu for Any Investor, raised his share target for Lundin Mining ($8.63) to $10 from $9.25, citing "higher multiples supported by improving fundamentals." The Globe's David Leeder writes in the Eye On Equities column that Mr. Wowkodaw continues to rate Lundin Mining "sector outperform." Analysts on average target the shares at $10.31. Mr. Wowkodaw says in a note: "Cu prices have staged a remarkable recovery this year in the face of a severe pandemic induced global (ex-China) economic slowdown. Looking ahead, we believe that recent positive vaccine hope, evolving U.S. election clarity, along with massive global stimulus and associated future infrastructure investment, combined with already low visible inventories and ongoing Latam supply risks, provide a positive backdrop for the Cu market." The Globe reported on Sept. 30 that RBC analyst Sam Crittenden called Lundin "a solid copper producer." The shares could then be had for $7.06. The Globe reported on Oct. 1 that Mr. Wowkodaw continued to rate Lundin "sector outperform." The shares could then be had for $7.31.

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