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

LUNDIN MINING CORPORATION

(LUN)
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Copper dips on virus, U.S. stimulus concerns

10/19/2020 | 11:04pm EST

Oct 20 (Reuters) - Copper prices fell on Tuesday as rising coronavirus cases in Europe and doubts about a U.S. stimulus deal fuelled concerns over a sustained global economic recovery.

Three-month copper on the London Metal Exchange declined 0.4% to $6,752.50 a tonne by 0235 GMT, while the most-traded November copper contract on the Shanghai Futures Exchange dipped 0.1% to 51,260 yuan ($7,664.59) a tonne.

Surging daily coronavirus infections in Europe ignited concerns about more severe lockdowns. Parts of the United Kingdom were put into lockdown and France imposed curfews.

U.S. House Speaker Nancy Pelosi stated a Tuesday deadline in order to push through an agreement on a coronavirus relief package before the election.

FUNDAMENTALS

* Workers at Chile's state-run Codelco, the world's largest copper producer, took to the streets on Monday to reject layoffs announced by the company during the pandemic.

* Chile's Candelaria copper mine, owned by Canada's Lundin Mining, said it planned to suspend operations beginning Tuesday after two of its unions called on their workers to begin strikes.

* ShFE lead fell as much as 1.4% to 14,180 yuan a tonne, its lowest since June 24, while LME lead slipped 0.5% to $1,751 a tonne.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian stocks came under pressure as the deadline for U.S. lawmakers to pass an economic stimulus bill approached and amid concerns about lockdowns in Europe due to rising virus cases.

DATA/EVENTS (GMT)

1230 US Housing Starts Number Sept

PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminium

Most active ShFE aluminium

Three month LME zinc

Most active ShFE zinc

Three month LME lead

Most active ShFE lead

Three month LME nickel

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

ARBS ($1 = 6.6879 yuan) (Reporting by Mai Nguyen; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LUNDIN MINING CORPORATION 5.29% 10.55 Delayed Quote.35.95%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.5155 Delayed Quote.-6.12%
All news about LUNDIN MINING CORPORATION
12/04LUNDIN MINING : Announces TSX Approval for a Normal Course Issuer Bid
AQ
12/03LUNDIN MINING CORPORATION : Ex-dividend day for
FA
12/01LUNDIN MINING : Provides Operational Outlook and Shareholder Returns Update
AQ
12/01Lundin Mining forecasts 2021 copper production to jump 25%
RE
11/30LUNDIN MINING : Provides Operational Outlook & Shareholder Returns Update
AQ
11/30LUNDIN MINING : Announces New Collective Agreement with Candelaria Mine Workers ..
AQ
11/30Copper sweeps to highest since March 2013, investors eye pause
RE
11/30Shanghai copper hits eight-year high on China data
RE
11/30Copper set for best month in 4 years on robust China manufacturing data
RE
11/27LUNDIN MINING : Announces New Collective Agreement with Candelaria Mine Workers ..
AQ
More news
Financials (USD)
Sales 2020 1 938 M - -
Net income 2020 90,5 M - -
Net Debt 2020 38,1 M - -
P/E ratio 2020 72,8x
Yield 2020 1,43%
Capitalization 6 057 M 6 050 M -
EV / Sales 2020 3,15x
EV / Sales 2021 2,25x
Nbr of Employees 4 170
Free-Float 86,8%
Chart LUNDIN MINING CORPORATION
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Technical analysis trends LUNDIN MINING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8,23 $
Last Close Price 8,25 $
Spread / Highest target 30,1%
Spread / Average Target -0,18%
Spread / Lowest Target -25,3%
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
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