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.