The Globe and Mail reports in its Thursday, March 28, edition that BMO analyst Jackie Przybylowski has upgraded her recommendation for Lundin Mining to "outperform" from "market perform." The Globe's David Leeder writes that Ms. Przybylowski's share target soared $4 to $16. Analysts on average target the shares at $12.95. In a research report coinciding with BMO's revised commodity outlook, Ms. Przybylowski notes that Lundin's "near-term defensive positioning [is] aligned with market caution." Ms. Przybylowski says in a note: "Lundin Mining was historically considered a 'defensive' base metals mining company -- plenty of cash after the sale of its Tenke stake, stable operations and the generous NCIB in place. After a period of operating challenges, Lundin's base of mature producing assets is again expected to produce at steady state and should generate strong cash flows in 2024. ... Discussions with potential financial partners are also ongoing; and the future Josemaria partner could influence the fiscal stability discussions as well as scope and design of the updated feasibility study." The Globe reported on Dec. 10, 2022, that Ms. Przybylowski cut Lundin to "market perform" from "outperform." It was then worth $8.30.