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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Lundin Mining Corporation    LUN   CA5503721063

LUNDIN MINING CORPORATION

(LUN)
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Lundin Mining Corporation : Close to new upside potential

06/29/2020 | 11:24am EST
06/29/2020 | 11:24am EST
long trade
Target price hit
Entry price : 7.12CAD | Target : 8.02CAD | Stop-loss : 6.715CAD | Potential : 12.64%
Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Lundin Mining Corporation. The stock's technical chart pattern suggests however that the level will be broken.
Investors have an opportunity to buy the stock and target the CAD 8.02.
Lundin Mining Corporation : Lundin Mining Corporation : Close to new upside potential
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has poor fundamentals for a short-term investment strategy.

Strengths
  • Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 36% by 2022.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The group usually releases upbeat results with huge surprise rates.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at CAD 7.84.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

© Zonebourse.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 1 956 M - -
Net income 2020 92,1 M - -
Net Debt 2020 63,3 M - -
P/E ratio 2020 96,0x
Yield 2020 1,12%
Capitalization 7 396 M 5 697 M -
EV / Sales 2020 3,81x
EV / Sales 2021 2,71x
Nbr of Employees 4 170
Free-Float 86,8%
Upcoming event on LUNDIN MINING CORPORATION
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 7,76 $
Last Close Price 10,32 $
Spread / Highest target -6,69%
Spread / Average Target -24,8%
Spread / Lowest Target -44,2%
EPS Revisions
Managers
NameTitle
Marie Inkster President, Chief Executive Officer & Director
Lukas Henrik Lundin Chairman
Peter Richardson Chief Operating Officer & Vice President
Jinhee Magie Chief Financial Officer & Senior Vice President
Stephen T. Gatley Vice President-Technical Services
Sector and Competitors
1st jan.Capitalization (M$)
LUNDIN MINING CORPORATION29.90%5 682
BHP GROUP0.75%133 676
RIO TINTO PLC8.85%109 524
ANGLO AMERICAN PLC4.30%37 291
GRUPO MÉXICO, S.A.B. DE C.V.41.98%28 610
FRESNILLO PLC70.03%10 694