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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-Scotiabank picks 'appetizing copper menu for any investor'

Thu 12th November, 2020 1:40pm
** Scotiabank raises PTs on copper-focused equities by an
avg of 11%, and names Capstone Mining  CS.TO , Freeport  FCX.N ,
First Quantum  FM.TO , Hudbay  HBM.TO  as some of its favourites
    ** For investors looking for copper exposure, brokerage says
selection of good choices available among equities for growth,
value, operational/financial leverage and capital return
potential
    ** Copper prices have staged remarkable recovery this year
in face of a severe pandemic-induced global economic slowdown -
brokerage
    ** Looking ahead, brokerage says recent positive vaccine
hopes, evolving U.S. election clarity, along with massive global
stimulus provide positive backdrop for market
    ** Overall, recommends FCX, FM, Lundin Mining  LUN.TO  and
HBM for large/mid-cap copper exposure
    ** Says FCX offers superior production growth,
well-positioned balance sheet and potential for large future
capital returns driven by strong FCF generation
    ** Further views FCX, which gained over 48% YTD, and FM,
which added nearly 18%, as legitimate takeover targets

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