Lumina Copper Corp LCPRF

LCC Downgrade

[Helios]

I see that Raymond James has downgraded Lumina today from a strong buy to market perform. Raymond James 2 years ago had a $2.50 target on this stock and I guess this downgrade is a valuation downgrade until we see some drill results.

It will be interesting to see how this stock finishes up today.

Helios

[LocoToro]

Analyst ratings are far from foolproof - see Pete's take on them It pays to sell when analysts say 'buy'Peter Hodson, Financial Post · Read more: https://www.nationalpost.com/related/topics/pays+sell+when+analysts/3680716/story.html#ixzz1382K8yyM ........Cowen explains this phenomenon with the following: (1) Stock picking is not priority #1 for stock

[Helios]

Here is the statement from Raymond James..We are lowering our rating on Lumina Copper to MARKET PERFORM fromSTRONG BUY based on share price appreciation and maintaining our C$2.50target price. We eagerly anticipate results from the deep drilling program atTaca Taca and at this time are deciding to hold firm until we can better assessthe next direction for the shares.

[fleeinggrandich]

Analysts are idiots. Show me the analyst who's made a decent return this year.OK, some analysts make very good money by getting free options for the companies they pump & dump. But other than that their returns are dismal.Just a few days ago, the talking point on LCC was that it was next in line for buyout after ANM. Who would turn their back on that?