Recent CommentsA very quiet BB so here are some comments from the last 3 weeks. GLTA
PAST TOP PICK
Lundin Mining Corp.(LUN-T)
09/03/2023
(A Top Pick Jan 05/23, Down 3%)
One of the Canadian bellwether copper stocks. Pretty good dividend yield. Starting to see higher highs and higher lows. Definitely improving on the technicals. Screens pretty well from a fundamental side.
Metal Mines
Javed Mirza
$8.005
No
BUY on WEAKNESS
Lundin Mining Corp.(LUN-T)
07/03/2023
Allan Tong’s Discover Picks
Lundin is headquartered in Toronto like Agnico-Eagle, but it differs by mining copper (63% of 2022 revenues), zinc (12%), nickel (12%) as well as gold (7%). Key mines are the Chapada in Brazil, the Neves-Corvo in Portugal, the Eagle in the U.S, and the Zinkgruvan in Sweden. Lundin missed two of its last four quarters, but its most recent was generally positive, highlighted by its EPS coming in at $0.25, far above the expected $0.13. including a 36% dividend increase to nine cents per share as it buys back shares. Read: PDAC special: minerals for our full analysis.
Metal Mines
Stockchase Discover
$8.620
Unknown
BUY
Lundin Mining Corp.(LUN-T)
27/02/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
LUN is now trading at 12.7x times' Forward P/E. In the 4Q, LUN’s revenue declined -20% to $811M, beating estimates of $757M, and EPS was $0.25 beating estimates of $0.13.
The balance sheet is strong, with net debt of $10M.
Total debt is just a fraction of the trailing twelve-month cash flow of $877M, although cash flow declined around 40% compared to $1.5B last year. The company is trading at a reasonable level compared to Book Value, around 1.2x Price/Book.
Based on consensus estimates, sales are expected to slightly decline by -2%, while EPS is expected to decrease by 24% next year, as demands for commodities slow down due to an uncertain macro environment.
Overall, a decent quarter, and the result is better than expected.
The company has paid growing dividends and repurchased shares over the last few years supported by a solid balance sheet, valuation is also reasonable.
We think the current share price offers an attractive buy entry points for long-term investors.
Metal Mines
Stockchase Insights
$8.270