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LUMI - Lundin Mining News Story

SEK70 1.2  1.7%

Last Trade - 11:04am

Sector
Basic Materials
Size
Large Cap
Market Cap £4.41bn
Enterprise Value £4.80bn
Revenue £1.68bn
Position in Universe 144th / 1845

BUZZ-Credit Suisse continues to prefer copper miner Hudbay on growth, ups PT

Tue 27th April, 2021 11:35am
** Credit Suisse raises PT on miners Lundin Mining  LUN.TO 
and Hudbay Minerals  HBM.TO  as copper prices hover at about 
$4.30/lb, the highest level in almost 10 years
    ** Copper prices have been bolstered by continued inflation
concerns and, more recently, proposed infrastructure and green
energy spending plans in the U.S. that should boost demand - CS
    ** At the same time, there are concerns that copper could
face a mid-decade supply deficit, as it takes many years for
meaningful new supply to come online, further supporting prices 
    ** For Hudbay, things to watch during Q1 results include
Constancia copper production in Peru, updates related to the
Copper World properties near Rosemont, and stable production in
Manitoba, Canada - CS
    ** Ups target price to C$13 from C$12.5, HBM to report on
May 11
    ** Further says, it does not see many operational surprises
in the quarter for Lundin, expects to hear updates on the zinc
expansion project at Neves-Corvo, latest views on M&A 
    ** Raises target price to C$13 from C$12, LUN to report on
April 28 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
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