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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (79812)7/16/2021 8:33:24 AM
From: Goose94Read Replies (1) of 202400
 
Lundin Mining (LUN-T) Canaccord Genuity analyst Dalton Baretto believes it is going to be a case of "summertime sadness" but "fall madness" when it comes to major industrial commodity prices this year.

Prices for base metals have softened from earlier in the year, as Chinese and global demand has slowed, supply has improved and concerns around monetary tightening by the U.S. Federal Reserve have strengthened the U.S. dollar.

Mr. Baretto, however, views the factors driving the summer pullback as largely transitory, "and as such, a compelling opportunity to add positions ahead of what we expect will be a strong fall and winter period."

Canaccord upgraded Lundin Mining to "buy" from "hold." Lundin's share target climbed to $13.50 from $12.
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