Lundin Mining logo

LUMI - Lundin Mining News Story

SEK98.3 -3.7  -3.6%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.14bn
Enterprise Value £6.52bn
Revenue £1.66bn
Position in Universe 120th / 1832

BUZZ-Base metals: Cormark Securities sees stocks under pressure on trade war woes

Tue 23rd July, 2019 4:24pm
** Cormark Securities cuts PT on several base metal
companies, says equities remain under pressure on lingering
U.S.-China trade spat narrative
    ** Brokerage says the ongoing trade spat between the United
States and China continues to fuel commodity markets concern
    ** Expects the industry's lack of timely new large scale
project advancement will culminate in a supply deficit
    ** Cuts PT on Ascendant Resources  ASND.TO , Capstone Mining
 CS.TO , Copper Mountain  CMMC.TO , Hudbay Minerals  HBM.TO ,
Trevali Mining  TV.TO , Trilogy Metal  TMQ.TO  
    ** Adds that organic growth potential of Lundin  LUN.TO  
and Hudbay  HBM.TO  should be considered as core positions
underpinning any investment strategy looking for base metals
exposure
    ** Sees Trevali as the preferred vehicle for zinc exposure
given the company's unique established 'pure play' producer
profile - brokerage 
    ** Says negative pricing adjustments are an inevitable theme
across the base metals space this coming reporting period

 (Reporting By Arundhati Sarkar in Bengaluru)
 ((Reuters Messaging: arundhati.sarkar@.thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.