Streetbeat News

LUNMF

Lundin Mining Corp.

https://www.lundinmining.com/

CEO

Marie Inkster

Employees

1,700

Industry

Copper Rolling, Drawing, Extruding, and Alloying

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

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Low

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Div yield

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52-wk low

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BHP has clarified that its chairman's comments about moving on from the failed $49 billion bid for Anglo American were not a formal withdrawal. The UK Takeover Panel confirmed that BHP's remarks do not constitute an official 'no offer' statement, leaving the door open for a future bid. BHP is focusing on expanding its operations in South America and addressing labor issues in Australia.

Portfolio Pulse from Stjepan Kalinic

November 01, 2024 | 12:29 pm

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

BHP and Lundin Mining are set to acquire Filo Corp for C$4.1 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. Filo also announces a C$115 million private placement to BHP and Lundin Mining. The deal aims to develop Filo del Sol to its full potential and offers various benefits to Filo shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:07 pm

BHP Group Limited (NYSE:BHP) and Lundin Mining Corp. (OTC:LUNMF) have agreed to jointly acquire Filo Corp. (OTC:FLMMF) for C$4.1 billion. The acquisition includes a 32.2% premium over Filo's 30-day volume-weighted average price. BHP's shares are trading lower following the announcement. The deal is expected to close in Q1 2025, pending conditions.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 9:57 am

BHP and Lundin Mining are set to acquire Filo Corp for C$4.5 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. The acquisition aims to develop Filo del Sol to its full potential, backed by two leading copper miners. Filo also announces a C$115 million private placement to BHP and Lundin Mining.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:28 am

Lundin Mining (OTC:LUNMF) is investing $350 million to increase its stake in the Caserones copper-molybdenum mine in Chile to 70%. This strategic move aims to enhance copper production and secure a yearly operator fee. The investment is funded through a revolving credit facility, ensuring no immediate liquidity impact.

Portfolio Pulse from Stjepan Kalinic

June 27, 2024 | 2:18 pm

Hedge fund manager Pierre Andurand predicts copper prices could reach $40,000 per tonne, driven by increasing demand from sectors like electric vehicles and renewable energy. This bullish outlook highlights investment opportunities in copper miner stocks and the Global X Copper Miners ETF (NYSE:COPX). The ETF has shown strong returns and holds key copper mining companies. Technical indicators also suggest a positive trend for COPX.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 2:59 pm

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

Lundin Mining Corp (OTC:LUNMF) shares rose after BMO Capital Markets upgraded the stock from Market Perform to Outperform and raised the price target from CA$12 ($8.83) to CA$16 ($11.78). The upgrade is based on Lundin Mining's strong cash flows, stable operations, and leverage to copper prices. The company's recent acquisitions and the development of major growth projects are expected to provide growth optionality and further leverage to copper prices.

Portfolio Pulse from Priya Nigam

March 27, 2024 | 4:07 pm

BMO Capital analyst Jackie Przybylowski upgraded Lundin Mining (OTC:LUNMF) from Market Perform to Outperform and increased the price target from $12 to $16.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:21 am

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