Lundin Mining Corp. offers investors low-risk, high-quality operating mines and a disciplined approach to acquisitions, said Desjardins Securities analyst Jackie Przybylowski.
“The company is unique among the larger cap base metals producers in our coverage universe in that it operates mature mines and has minimal exposure to capital-intensive growth projects in the near term. We believe Lundin is attractive to investors concerned about capital cost creep and missed production milestones.”
Upside: Ms. Przybylowski rates Lundin “buy” and has a one-year price target of $6, citing its “relatively low risk, owing to its strong balance sheet, largely mature operations, minimal exposure to large-scale growth projects and potential for long-term growth through accretive acquisitions.”