|Bid||7.13 x 0|
|Ask||7.15 x 0|
|Day's Range||7.11 - 7.25|
|52 Week Range||6.62 - 10.22|
|PE Ratio (TTM)||12.53|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||0.12 (1.61%)|
|1y Target Est||7.64|
Moody's Investors Service, ("Moody's") commented that Lundin Mining Corporation ("Lundin") announcement that it intends to make an offer to purchase Nevsun Resources Ltd. for approximately $1.1 billion is credit negative because the purchase, if successful, will cause liquidity to materially decline, geopolitical risk to increase, and there is execution risk in bringing a green field development to production, with cash flow from the acquisition years away. Headquartered in Toronto, Ontario, Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Chile and the USA, producing copper, zinc, lead and nickel. This publication does not announce a credit rating action.
Nevsun Resources Ltd said on Tuesday rival Lundin Mining Corp's most recent offer to buy the base metals miner ignores the "fundamental value" of the company and its assets. Nevsun's Chief Executive Officer Peter Kukielski said in a statement that Lundin's notional takeover offer represents only a 13 percent premium to Nevsun's closing trading price on Monday. Nevsun's shares had closed at C$4.21 on Monday.
It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The industry has deep pockets for deals right now -- Rio Tinto Group may end the year having raised $8.5 billion from asset sales and rivals like BHP Billiton Ltd. and Glencore Plc are churning out massive profits.
Canada's Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months. Lundin offered C$4.75 per share, a premium of 12.8 percent to Nevsun's closing price of C$4.21 on Monday. Cash-rich Lundin has been eyeing Nevsun's large high-grade Timok copper project in Serbia and its Bisha copper and zinc mine in Eritrea, in a partnership with Euro Sun Mining Inc .
Lundin Mining Corp.’s effort to acquire Nevsun Resources Ltd. went hostile with a plan to make a C$1.4 billion ($1.1 billion) all-cash offer for the owner of the prized Timok copper-gold deposit in Serbia after its previous attempts were spurned. Lundin said Monday in a statement it will offer C$4.75 a share, representing a premium of about 13 percent to Monday’s closing price. The Toronto-based miner controlled by Swedish-Canadian billionaire Lukas Lundin intends to commence a formal takeover bid around July 27, it said.
LONDON, UK / ACCESSWIRE / July 16, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Gran Colombia Gold, Nemaska Lithium, IAMGOLD, and Lundin Mining. The S&P/TSX Composite Index lost 6.30 points, or 0.04%, to close Friday's trading session at 16,561.12. The TSX Venture Exchange shaved off 3.73 points, or 0.51%, to finish at 725.24.
TORONTO, July 10, 2018-- Lundin Mining Corporation announces that the report for the second quarter ended June 30, 2018 will be published on Wednesday July 25, 2018.. The Company will hold a telephone ...
Lundin Mining Corporation (TSX:LUN) trades with a trailing P/E of 11.4x, which is higher than the industry average of 11.2x. Although some investors may jump to the conclusion that youRead More...
LONDON, UK / ACCESSWIRE / June 18, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Lundin Mining, Moneta Porcupine Mines, Nevsun Resources, and First Majestic Silver. The TSX Venture Exchange shaved off 6.86 points, or 0.90%, to finish at 754.40. Today's stocks of interest consist of: Lundin Mining Corporation (TSX: LUN), Moneta Porcupine Mines Inc. (TSX: ME), Nevsun Resources Ltd (TSX: NSU), and First Majestic Silver Corporation (TSX: FR).
Lundin Mining Corporation (TSX:LUN), a metals and mining company based in Canada, saw significant share price volatility over the past couple of months on the TSX, rising to the highsRead More...
Nevsun Resources, a Canadian miner which has been approached regarding a takeover, should enter "good-faith negotiations with any suitor," Adrian Day Asset Management, one of Nevsun's top 10 shareholders, said in an open letter to the company's board on Wednesday. The firm owns 3.1 million shares of Nevsun, making it the seventh-biggest shareholder based on public filings, Day said. Lundin has been keen for years to acquire the Timok copper deposit in Serbia, which Nevsun owns.
* The Toronto Stock Exchange's S&P/TSX rose 70.01 points, or 0.44 percent, to 16,122.25. * The biggest contributor to the TSX gain was Enbridge. Materials was the top sector contributor, up 1.4 percent. ...
Euro Sun Mining Inc. (ESM.TO) (“Euro Sun” or the “Company”) reports that the Company has amended its portion of the joint proposal with Lundin Mining (LUN.TO) to acquire Nevsun Resources (NSU.TO) to include CDN$150 million in cash and CDN$150 million in ESM stock. The Company encourages Nevsun’s management and Board of Directors to engage as it is in the best interests of all stakeholders. The total proposed consideration of CDN$5.00 per share for the acquisition of all Nevsun stock includes CDN$150M cash from Euro Sun and CDN$600M cash from Lundin Mining along with CDN$150M in Euro Sun stock and CDN$600M in Lundin Mining stock.
Lundin Mining Corporation (LUN.TO) (Nasdaq Stockholm:LUMI) (“Lundin Mining” or the “Company”) today announced the results of its previously announced offer to purchase (the “Offer”) any and all of its $450,000,000 aggregate principal amount of 7.875% Senior Secured Notes due 2022 (the “Notes”). Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United States of America, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Lundin Mining Corporation (TSX:LUN) generated a below-average return on equity of 11.07% in the past 12 months, while its industry returned 11.63%. LUN’s results could indicate a relatively inefficient operationRead More...
VANCOUVER/TORONTO (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp (LUN.TO) and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd (NSU.TO) is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Lundin Mining's biggest shareholder is a private investment company owned by a Lundin family trust, with a near 13-percent stake, Thomson Reuters data shows.
VANCOUVER/TORONTO, May 17 (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Lundin Mining's biggest shareholder is a private investment company owned by a Lundin family trust, with a near 13-percent stake, Thomson Reuters data shows.
In this article I am going to calculate the intrinsic value of Lundin Mining Corporation (TSX:LUN) using the discounted cash flows (DCF) model. If you want to learn more aboutRead More...
TORONTO, May 11, 2018-- Lundin Mining Corporation today announced the voting results from its 2018 Annual Meeting held May 11, 2018, in Toronto, Ontario.. A total of 567,054,182 common shares were voted ...
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time.Read More...
The head of Nevsun Resources Ltd. said other companies besides Lundin Mining Corp. have expressed interest in acquiring the miner, though it’s not formally for sale. Peter Kukielski, chief executive officer of Vancouver-based Nevsun, said the company has attracted a lot of interest from potential buyers since the prefeasibility study on its Timok copper and gold project in Serbia was completed. “One thing we’ve made consistently clear to everybody is that we will evaluate all offers but you have to come in through the front door and buy the whole company,” Kukielski said in a telephone interview.
Shares in Nevsun Resources leaped on Tuesday even as it said its board of directors had unanimously rejected an unsolicited C$1.5 billion ($1.16 billion) takeover proposal from Lundin Mining Corp and Euro Sun Mining as too low with a "problematic structure". Copper-zinc miner Nevsun said in a statement the offer was rejected after several months of engagement with fellow Canadian base metals miner Lundin on a possible deal. Lundin's shares fell 3.5 percent to C$7.94 and Euro Sun's were down 1.4 percent at C$1.35.
Nevsun Resources said on Tuesday that its board of directors had unanimously rejected a non-binding, unsolicited takeover proposal from Lundin Mining Corp and Euro Sun Mining, saying it was too low and ...