Streetbeat News

LUNMF

Lundin Mining Corp.

https://www.lundinmining.com/

CEO

Marie Inkster

Employees

1,700

Industry

Copper Rolling, Drawing, Extruding, and Alloying

Open

10.00

Mkt cap

7.9B

Volume

4.9K

High

10.12

P/E Ratio

28.91

52-wk high

13.26

Low

9.99

Div yield

0.02

52-wk low

6.51

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

Raymond James analyst Farooq Hamed has maintained a 'Market Perform' rating on Lundin Mining (OTC:LUNMF) and increased the price target from $9.5 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:10 pm

JP Morgan analyst Patrick Jones has maintained an Underweight rating on Lundin Mining (OTC:LUNMF) and lowered the price target from C$8.4 to C$8.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:08 pm

A screening of mid-cap ETFs revealed the largest changes in net assets over the past week. Winners included Invesco BulletShares 2025 High Yield Corporate Bond ETF (BSJP) and BNY Mellon US Mid Cap Core Equity ETF (BKMC), which added $380.54 million and $335.01 million in net assets respectively. Losers included Global X Copper Miners ETF (COPX) and iShares ESG MSCI USA Leaders ETF (SUSL), which lost $303.96 million and $319.01 million in net assets respectively.

Portfolio Pulse from Johnny Rice

June 30, 2023 | 2:32 pm

TD Securities analyst Greg Barnes upgrades Lundin Mining (OTC:LUNMF) from Hold to Buy and raises the price target from $11 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 3:48 pm

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