Lumina Copper Corp LCPRF

potential target

[clinc853]

Lumina Copper Corp Receives “Sector Outperform” Rating from CIBC (LCC) Lumina Copper Corp (CVE:LCC)‘s stock had its “sector outperform” rating restated by analysts at CIBC in a research report issued to clients and investors on Wednesday,AnalystRatingsNetwork reports. A number of other firms have also recently commented on LCC. Analysts at LB Securities cut their price target on shares of Lumina Copper Corp from C$16.00 to C$12.50 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Analysts at Laurentian cut their price target on shares of Lumina Copper Corp from C$16.00 to C$12.50 in a research note to investors on Monday, October 28th. They now have a “speculative buy” rating on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$15.18. Lumina Copper Corp. (CVE:LCC) is a Canada-based development-stage company." Globe says Lumina Copper seen as a potential target 2013-12-19 09:07 ET - In the News The Globe and Mail reports in its Thursday edition that CIBC World Markets analyst Tom Meyer is holding firm on his "sector outperformer" rating for Lumina Copper ($5.40). The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Meyer targets Lumina Copper shares at $15. Mr. Meyer says the 100-per-cent-owned Taca Taca project in Argentina is one of the more attractive copper-gold-molybdenum development projects not yet owned by a major. Mr. Meyer says just because M&A activity in the copper development space is not making headlines it does not imply that the majors have stopped looking for development opportunities. He says, "In fact, now is the time that detailed analysis can be carried out in preparation for an eventual positive turn in the cycle." The average Street target is $14.55. Raymond James analyst Adam Low said Lumina Copper was a likely takeover target in the Eye column on Dec. 16, 2011. He rated Lumina "strong buy." It was then worth $12.40. The Globe's Ian McGugan said on May 2, 2012, that the smart money was buying Lumina. It was then worth $13.15. Mr. Low rated Lumina "strong buy" in the Eye column on April 12, 2013, when it could be had for $7.60.