Thursday’s analyst upgrades and downgrades
National Bank Financial's Andrew Dusome has initiated coverage of Lumina Metals Corp. with an 'outperform' rating, highlighting its Nowa Sól project in Poland as a significant copper-silver opportunity. The company recently completed a successful IPO and is well-positioned for future growth, particularly with potential tax reforms in Poland. Analysts from RBC and BMO also expressed optimism about Lumina's prospects, citing its large-scale projects and exploration potential.
- ▪Andrew Dusome initiated coverage of Lumina Metals Corp. with an 'outperform' rating.
- ▪The Nowa Sól project is considered one of the largest undeveloped copper and silver projects globally.
- ▪Future tax reform in Poland is seen as a key factor for unlocking economic upside for Lumina's assets.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsSeeing “world class copper-silver potential," National Bank Financial’s Andrew Dusome initiated coverage of Lumina Metals Corp. (LMCU-T) with an “outperform” rating, calling flagship Nowa Sól in southwestern Poland “one of the largest undeveloped copper and silver projects globally with significant value optionality.”Mr. Dusome was one of several equity analysts unveiling coverage after coming off research restriction following the Vancouver-based company’s upsized $406.2-million initial public offering, which surpassed expectation.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
