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Lumina Copper Corp. released an updated estimate for its Taca Taca project pegging indicated plus inferred resources of nearly 20 billion pounds of copper equivalent. Raymond James Ltd. analyst Adam Low believes this places Taca Taca in the world's top tier of copper deposits. "As the sole owner of a large (and getting bigger) copper project in a mining-friendly province of Argentina with very good access to infrastructure, we believe that Lumina Copper could very well end up in the crosshairs of larger mining, trading, or smelting entities," he commented.

Upside: Mr. Low reiterated his "strong buy" rating and raised his target price by $6 to $17.

Autodesk Inc. reported solid quarterly earnings with year-over-year revenue growth of 15 per cent, noted Brigantine Advisors analyst Barbara Coffey. She upgraded the stock to a "buy", believing the company will benefit from more suite sales, the release of its new Product Lifecycle Management (PLM) product and general economic trends.

Upside: Ms. Coffey raised her price target to $38 (U.S.).

Polaris Minerals Corp.'s volumes and cash margins continued to improve in the third quarter, but Canaccord Genuity analyst Gary Lampard belives it may not be fast enough to forestall a liquidity crunch. The company's $5-million bridge loan has been extended until the end of February, but it's callable at any time, and additional funds will be required within the next three months, he warned. "We see significant potential upside from the current share price, but note that the downside risk of bankruptcy is a very real risk."

Upside: Mr. Lampard cut his price target a dime to 55 cents but upgraded the stock to "speculative buy."

The outlook for oil and gas firm BPZ Resources Inc. is improving now that its debt financing is secured and it is actively searching for a strategic partner, said Canaccord Genuity analyst Frederick Kozak. The company, which has operations primarily in Peru, "has suffred development challenges, but now has commercial production on its offshore Corvina field," he commented.

Upside: Mr. Kozak maintained a "buy" rating but cut his price target by $1 to $4.50 (U.S.)

Osisko Mining Corp. , owner of the Canadian Malartic mine in Quebec, "is experiencing normal hiccups that should be expected during the start-up phase of a large operation," commented CIBC World Markets Inc. analyst Barry Cooper. He trimmed his estimates for the company for 2012 but increased his earnings forecasts for 2013, anticipating that higher grades will be realized from Malartic with a new mine plan in place.

Upside: Mr. Cooper reaffirmed his "sector outperformer" rating and cut his price target by $1 to $23.

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