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BMO Capital Markets Begins Coverage of Lumina Metals

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BMO Capital Markets on Wednesday launched coverage of Lumina Metals (LMCU.TO) with an outperform, speculative. rating and C$17.00 price target.

Lumina Metals, part of Lumina Group, is advancing the Nowa Sol, Sulmierzyce, and Mozow copper-silver projects in Poland.

The projects represent some of the most significant copper-silver discoveries in Europe in recent decades, BMO said.

The price target implies 0.6x of BMO's fully diluted net asset value estimate and a 42% return.

Price: $12.00, Change: $+0.05, Percent Change: +0.42%

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