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LUNMF - Lundin's Strong Q3 Foreshadows Continued Strength
Lundin Mining Corp
Lundin Mining (LUNMF) reported Q3/19 numbers which were significantly better than expected. Lundin Mining also bumped its 2019 guidance modestly higher. I think that there is considerable upside to this name over the next two years as Lundin executes upon its planned strategy. Furthermore, additional upside can arise following a resolution to the trade war or a pick-up in economic activity, either of which will help bring focus to the copper market at large, which remains undersupplied with a dearth of new supply replenishing old mines scheduled for closure.