LUNMF - Lundin Mining: Potential For Capital Gain Along With High Downside Risk
Lundin Mining (LUNMF), a Canadian company, which produces copper, zinc, nickel, silver, gold, and lead, encountered a few headwinds last year. Its revenue plummeted from $2.08 billion in 2017 to $1.73 billion in 2018; the firm also turned FCF-negative, as the operating cash flow nearly halved while capex increased. 1Q19 and LTM figures have not significantly improved and remained bleak. It is not coincidental that the market capitalization mirrored the top-line dynamics and since June 2018 share has lost around 29.6% of its value (before dividends). The stock underperformed the S&P 500 (