Lundin Mining Corp. (LUN.TO) Buy, Sell or Hold

Lundin Mining Corp. (LUN.TO)

37.13

-0.36 (0.96%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

122 watching

DON'T BUY

Had a major top formation in 2007 but started to break down below its 200-day moving average. He is looking for a place where it is going to find support. Probably moving lower.

BUY

Market perceived this as a zinc stock but going forward it is more of a copper company. Beat up beyond belief. Production costs were rising.

HOLD

(Market Called Minute.) May get taken out.

DON'T BUY

Just announced some good drilling results. There is an oversupply of lead/zinc and so she would not have an exposure to this.

BUY

A number of the midsize mining companies have had a tough ride in the last little while. You need exposure to the commodity sector and having a company that has 2 or 3 is not a bad idea. (Zinc is a problem commodity right now. Forecasting an oversupply for the next couple of years.)

HOLD

(Market Call Minute.) Not a Buy.

HOLD

They took a non-cash charge which was quite large in recent acquisitions. Likes the operations, they have been aggressive in acquisitions. Now is time for them to show some numbers, in a positive fashion.

RISKY

He has a model price of $23.99 and the current price is only $8.73. The model price has been coming down along with earnings estimates but it looks good to him. Doesn't qualify for his portfolios, as it is not big enough. On the re-emergence of the metals in the last month or so, it should be doing better. It may not be, because the Lundin family owns a controlling shares so not a takeover target.

COMMENT

He stays away from Russia, Mongolia, Congo etc. Dropped because the price of zinc has dropped as well as having some operational difficulties, partly due to all the acquisitions they went through in 06 and 07. Thinks it is oversold and is too cheap. Strong balance sheet and cash position. He has difficulty with the Congo, so wouldn't buy.

BUY

Have tremendous assets in Portugal but also have a lot of positions in emerging countries. Probably a bit stretched because they have a lot of interests.

DON'T BUY

A lot of base metal companies are having a tougher time here. This company had said they were going to build themselves by acquisition but it’s a very tough time to raise money. Stock is currently not in favour. This one is roughly twice as volatile as the market.

COMMENT

One of the most aggressive buyers of assets in the base metal industry. They have nickel, copper and zinc diversified through many countries. When you buy companies, you have to dilute yourself, which is part of the reason the stock is not done very well. Also, numbers did not reach expectations of the street. A lot of people are bearish on the sector, as most of them have done very poorly lately.

SELL

(Market Call Minute.) He would be a seller in this whole sector.

HOLD

Going through a period of contraction due to the subprime issues in the US and lower consumption growth. Commodity cycle is not over and expects commodity prices will improve in the 2nd half of 2008.

BUY

(Market Call Minute.) Still thinks there's a decent trade in some of the base metals from here into the springtime. There should be some decent upside from here.

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