Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

LUNDIN MINING CORPORATION

(LUN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shanghai copper hits eight-year high on China data

11/30/2020 | 01:49am EST

Nov 30 (Reuters) - Copper rose on Monday, with the Shanghai benchmark hitting a more than eight-year high and London prices set for their best month in four years, as solid China manufacturing data and risk-on sentiment fuelled by vaccine developments lifted sentiment.

The most-traded January copper contract on the Shanghai Futures Exchange ended up 3.7% at 57,680 yuan ($8,757.31) a tonne, its highest close since September 2012.

Three-month copper on the London Metal Exchange rose 2% to $7,647.50 a tonne by 0738 GMT, up 13.8% on a monthly basis - on track for its biggest monthly gain since November 2016.

China's factory activity expanded at the fastest pace in more than three years in November, on track to be the first major economy to fully recover from the coronavirus crisis.

Copper is used widely in the manufacturing sector and China consumes about half of the metal globally.

"From a trading point of view, there's no reason to short now. It's good, good and good," said a China-based analyst, referring to the solid Chinese data, positive COVID-19 vaccine developments and global stimulus measures.

"I would buy every metal, especially those relatively undervalued like lead," she said, adding that the market would further rally until funds trading on macroeconomic news started taking profit and reducing positions.

FUNDAMENTALS

* A union on strike at Chile's Candelaria copper mine accepted a new offer from Canadian miner Lundin Mining Corp .

* Copper miners and smelters are still miles apart in their negotiations on concentrate treatment charges for next year.

* ShFE lead climbed 1.5% to 15,530 yuan a tonne, zinc advanced 2.9% to 21,535 yuan a tonne and aluminium was up 2.9% at 16,485 yuan a tonne. LME zinc increased 1.7% to $2,841 a tonne.

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

($1 = 6.5865 yuan)

(Reporting by Mai Nguyen; Editing by Rashmi Aich and Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LUNDIN MINING CORPORATION -3.40% 11.66 Delayed Quote.3.19%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.04% 6.4742 Delayed Quote.-0.15%
All news about LUNDIN MINING CORPORATION
01/21TSX falls as energy, materials drag
RE
01/21LUNDIN MINING : January - 2021 CIBC Western Institutional Investor Conference
PU
01/21LUNDIN MINING : CIBC Western Institutional Investor Conference - January 2021
PU
01/20LUNDIN MINING : Says It Met 2020 Guidance Targets for All of it Metals
MT
01/20LUNDIN MINING BRIEF : Says 2020 Production Guidance Achieved for All Metals
MT
01/20LUNDIN MINING : Announces 2020 Production Guidance Achieved for All Metals; Four..
AQ
01/14LUNDIN MINING : PI Financial Presents the Lundin Group of Companies - January 20..
PU
2020LUNDIN MINING : Announces Updated Share Capital and Voting Rig
PU
2020LUNDIN MINING : Announces New Agreements with Candelaria Supervisors Uni
PU
2020LUNDIN MINING : Provides Operational Outlook & Shareholder Returns Upd
PU
More news
Financials (USD)
Sales 2020 1 996 M - -
Net income 2020 133 M - -
Net Debt 2020 74,9 M - -
P/E ratio 2020 55,8x
Yield 2020 1,29%
Capitalization 6 757 M 6 754 M -
EV / Sales 2020 3,42x
EV / Sales 2021 2,30x
Nbr of Employees 4 170
Free-Float 86,8%
Chart LUNDIN MINING CORPORATION
Duration : Period :
Lundin Mining Corporation Technical Analysis Chart | LUN | CA5503721063 | MarketScreener
Technical analysis trends LUNDIN MINING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 10,37 $
Last Close Price 9,18 $
Spread / Highest target 35,3%
Spread / Average Target 13,0%
Spread / Lowest Target -22,3%
EPS Revisions
Managers and Directors
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 CORPORATION3.19%6 754
BHP GROUP9.88%167 491
RIO TINTO PLC8.03%136 122
ANGLO AMERICAN PLC3.55%46 999
GRUPO MÉXICO, S.A.B. DE C.V.9.69%35 284
FRESNILLO PLC-5.93%10 753