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Shares of Lundin Mining (TSX:LUN) have been on a tear over the last year. Shares surged by over 50% on the rise in the price of copper — not to mention the increase in the company’s production.
And yet, Lundin stock fell back slightly after reporting earnings this week. So, let’s look at whether this means the company could be on a rough path or if now is the time to dive in.
About Lundin
First, let’s discuss Lundin stock. Lundin is a diversified Canadian base metals mining company that primarily focuses on the exploration, development, and production of copper, zinc, nickel, and other base metals. The company operates mines and facilities in various locations, including Sweden, Portugal, Chile, and the United States.
The company’s key operating assets include the Eagle Mine in Michigan, U.S. (nickel and copper), the Neves-Corvo Mine in Portugal (copper and zinc), the Zinkgruvan Mine in Sweden…
