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How to Buy Lundin Mining Stock in Canada [2024]

How to Buy Lundin Mining Stock in Canada [2024]
Diana Paluteder

Summary: Lundin Mining, a Canadian base metals mining company, is publicly traded on the Toronto Stock Exchange under the symbol LUN, which means you can buy Lunding Mining stock in Canada via an online broker such as Interactive Brokers.

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About Lundin Mining

Lundin Mining’s homepage. Source: lundinmining.com

Lundin Mining is listed on the Toronto Stock Exchange (TSX) under the ticker LUN. 

How to buy Lundin Mining stock? Step-by-step process

Follow these four steps to buy Lundin Mining stock in Canada. 

Step 1: Choose a broker

To buy Lundin Mining stock in Canada, you need a brokerage account. When evaluating brokers, consider the following aspects:

  • Product offering: Verify that the broker offers access to the Toronto Stock Exchange and LUN;
  • Cost: Understand the fee structure, including commission rates, spreads, inactivity, and account maintenance fees, as well as any hidden charges;
  • Regulation and safety: Ensure the broker is authorized by the relevant regulatory bodies and that they have implemented appropriate measures to protect your data and funds;
  • Fractional shares: Check if the broker offers fractional share trading so you can buy stock by the dollar amount (rather than purchasing full shares). This is particularly beneficial for investors with limited capital or those intending to implement a dollar-cost averaging (DCA) strategy. 

To securely buy Lundin Mining stock in Canada, we recommend Interactive Brokers (IBKR), which offers: 

  • Commission-free stock and ETF trading;
  • Trade stocks on 90+ market centers;
  • Fractional stock trading;
  • Earn extra income on fully paid shares;
  • Lowest financing rates for margin accounts in the industry;
  • No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Step 2: Open and fund your account

Once you’ve selected a broker that aligns with your investment goals and needs, you can register an account with them. The procedure for opening an account with most online brokers is generally straightforward and typically involves providing some personal details and undergoing the verification process.

Once your account has been approved, depositing funds is next. Several methods, such as bank transfers, debit or credit cards, and third-party payment services like PayPal (PYPL), will typically be available to you. 

With your account funded, you are ready to begin investing.

Step 3: Place your order and invest in LUN

Place your order by following these four steps:

  • Step 1: Search for Lundin Mining by using its ticker symbol LUN;
  • Step 2: Decide on the order type. You can choose between a market order, filled immediately, or a limit order, fulfilled at your predetermined price point;
  • Step 3: Determine how much you want to invest, whether by the dollar amount or by the number of shares;
  • Step 4: Before clicking ‘Buy’ or ‘Open Trade,’ meticulously review all order details to ensure accuracy. Once satisfied, proceed to submit the order to your broker for execution.

Step 4: Monitor your investment

As part of your investment strategy, it’s advisable to periodically assess your investment in the company to ensure you’re still on track to reach your financial goals. Above all, avoid making impulsive decisions driven by short-term market fluctuations, and remain focused on the long term. 

Lundin Mining stock price today

Pros and cons of investing in Lundin Mining 

Pros

Pros

  • Exposure metals: Investing in Lundin Mining provides exposure to base metals like copper, zinc, and nickel, essential components for various industries, including construction, electronics, and transportation;
  • Global operations: The company’s international presence across different countries provides geographic diversification, potentially mitigating the impact of regional economic fluctuations;
  • Commodity demand: As economies grow, the need for base metals typically increases, potentially driving the company’s revenue and stock value.
Cons

Cons

  • Price volatility: The value of mining stocks, including Lundin Mining, can be heavily influenced by fluctuations in commodity prices. Economic factors, geopolitical events, and supply-demand dynamics can lead to significant volatility;
  • Operational risks: The mining industry is exposed to operational risks, including accidents, regulatory changes, and environmental concerns, which can impact production and profitability;
  • Ethical concerns: Mining companies face increasing scrutiny regarding their environmental practices and social responsibilities, which could lead to legal, financial, and reputational challenges.

In conclusion 

In short, to buy Lundin Mining stock in Canada, follow these four steps:

  1. Choose an online broker;
  2. Register with your chosen broker and deposit funds to your account;
  3. Buy shares of LUN;
  4. Periodically review your position in the company.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy Lundin Mining stock

How to buy Lundin Mining stock in Canada?

Lundin Mining is listed on the Toronto Exchange under LUN. This means you can buy Lundin Mining stock in Canada from any online broker that offers access to the Toronto Exchange.

How do I sell my Lundin Mining stock?

Selling your Lundin Mining stock is easy: Log on to your broker account, navigate to your portfolio, press LUN, input the number of shares or dollar amount you want to offload, and tap sell.

Where to buy Lundin Mining stock in Canada?

You can safely buy Lundin Mining stock in Canada from a regulated online broker such as Interactive Brokers (IBKR).

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