|Bid||7.19 x 0|
|Ask||7.20 x 0|
|Day's Range||7.00 - 7.26|
|52 Week Range||4.70 - 7.96|
|Beta (3Y Monthly)||1.99|
|PE Ratio (TTM)||31.67|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.12 (1.71%)|
|1y Target Est||7.18|
Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the closing of the acquisition of a 100% ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine located in Brazil ("Chapada") from Yamana Gold Inc. ("Yamana"), as previously announced on April 15, 2019 (the "Acquisition"). Marie Inkster, President and CEO commented: "The addition of Chapada further solidifies Lundin Mining's position as a leading intermediate base metals producer. Total cash consideration paid at closing by the Company was US$800 million, funded by cash on hand and the Company's $550 million revolving credit facility.
NYSE:AUY) (“Yamana” or the “Company”) today announced it has completed the sale of its wholly-owned Chapada mine to Lundin Mining Corporation (LUN.TO) (“Lundin”) for total consideration of over $1.0 billion. Yamana has received the initial upfront cash consideration of $800 million on closing.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
TORONTO, Canada , June 28, 2019 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following, in accordance with the ...
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
Toronto, May 10, 2019 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining” or the “Corporation") today announced the voting results from its 2019 Annual.
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On a per-share basis, the Toronto-based company said it had net income of 7 cents. The base metals mining company posted revenue of $416.4 million in the period. Lundin shares have increased 32 percent ...
Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) today announced that its Board of Directors has declared a dividend of CAD$0.03 per share, payable on June 19, 2019, to shareholders of record at the close of business on May 31, 2019. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors.
Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) today reported cash flows of $62.1 million generated from operations in its first quarter. Net earnings from continuing operations attributable to Lundin Mining shareholders were $51.7 million ($0.07 per share) for the quarter ended March 31, 2019. Marie Inkster, President and CEO commented, “This is a very exciting time for Lundin Mining.
I don't know if the management team at Yamana Gold (NYSE:AUY) thought about the ramifications of selling its Chapada copper and gold mine in Brazil other than substantially reducing its debt. However, it's impossible not to think AUY stock will be affected by the move. Source: Shutterstock In a good way. InvestorPlace - Stock Market News, Stock Advice & Trading TipsAUY is now more attractive to potential suitors. Here's why. The Details of the SaleLundin Mining (TSX:LUN) is the company that bought Chapada. It is paying $800 million in cash for the mine with as much as an additional $125 million based on the price of gold, and another $100 million payment for fulfilling a couple of other considerations. You can read about the specifics here. Who is Lundin Mining? * 7 Tech Stocks With Too Much Risk, Not Enough Upside It's a Toronto-based company with a market cap twice the size of Yamana's. It produces mostly base metals like copper, zinc, and nickel. In 2019, Lundun Mining's production guidance for gold was just 4%. The Chapada acquisition adds 59,000 tonnes of copper and 121,000 ounces of gold. Yamana had plans to expand the gold production at the mine. Lundin's expected to focus on growing the copper production. Lundin's on the lookout for assets to buy; Chapada nicely fits the bill. For Yamana, the cash will lower its debt from $1.7 billion to approximately $900 million, reducing its debt as a percentage of its market cap, from 77% before the sale to 43% after. Yamana Production Post-ChapadaWith the sale of the copper-gold mine, Yamana becomes a pure-play precious metals company, with 2019 gold equivalent output (85% gold, 15% silver) of 1 million ounces, increasing to 1.02 million ounces in 2020 and 2021. Not only does Yamana's balance sheet get stronger, but its free cash flow could also benefit from the deal. It expects its annual capital expenditures to fall by approximately $47 million over the next three years despite committing an additional $25 million annually to exploration. The company's focus for its individual mines is annual production of at least 130,000 ounces, which gives it the size and scale necessary to make the mine worthwhile from a capital investment and profitability perspective. After Chapada, it will have seven out of eight mines producing at least this amount with its Minera Florida gold and silver mine in Chile expected to go over the minimum once it carries out further exploration activities at the site. The Bottom Line on AUY StockThe sale of Chapada makes it both a hunter with the financial wherewithal to buy assets from struggling miners, and an attractive M&A candidate to bigger precious-metal producers such as Agnico Eagle Mines (NYSE:AEM) and others searching for growth. My InvestorPlace colleague discussed the M&A situation in February:This is what Aaron Levitt wrote:"For investors, this creates an interesting scenario. Already, many gold stocks have moved higher over the last year as prices for the precious metal have increased, profitability has improved and the situation in the sector isn't so dire…But now, with the majors starting to wheel and deal, and the middle tier firms being forced to think about acquisitions as well, the whole sector should start to trade at a bit of a buyout premium. This is sort of exactly what happened back in 2006/2007 when the last round of major gold stock M&A happened."I can't say what's going to happen to AUY stock tomorrow or the day after.What I do know is that long term, Yamana's sale of Chapada puts AUY stock in a much better light. At current prices, if a gold play is your thing, I'd say buy away. If it drops below $2, I'd buy some more. In this case, addition by subtraction makes Yamana a better buy. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List appeared first on InvestorPlace.
Canada's main stock edged higher on Tuesday, lifted by financials and energy stocks as positive economic data from major economies fueled risk appetite, while a drop in gold kept a check on further gains. ...
Investorideas.com, a global investor news source covering mining stocks releases a snapshot looking at the gold-mining segment and companies making moves to set themselves up for a possible “spring” gold rally. In a recent article from Mining.com, “The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Canada's transportation regulator ...
Canada's Lundin Mining Corp is looking to buy more mining assets, Chief Executive Marie Inkster told Reuters on Monday, after the company announced its purchase of a Brazilian copper-gold mine from Yamana Gold Inc for more than $1 billion. The Toronto-based company is seeking a project where exploration is complete, which it can take over and build, Inkster said. Lundin prefers a copper asset, but would also consider a zinc poly-metallic mine, with nickel a distant third option, she said.
Toronto, April 15, 2019 -- (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) today announced that the Company will hold its Annual.
Lundin Mining Corp said on Monday it plans to buy one of Yamana Gold Inc's gold-copper mines in Brazil for more than $1 billion. Yamana will receive $800 million in cash, and contingent payments totaling ...
TORONTO, April 15, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) is pleased to announce it has agreed to sell the wholly-owned Chapada mine (the.
Canada's main stock index moved higher on Thursday, building on the previous session's gains, boosted by a rise in financial shares. * At 9:37 a.m. ET , the Toronto Stock Exchange's S&P/TSX Composite index ...
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Lundin Mining Corpor...
Today we'll evaluate Lundin Mining Corporation (TSE:LUN) to determine whether it could have potential as an investment idea. To be precise, we'll consider its Return On Capital Employed (ROCE), asRead More...