Desjardins Securities analyst Jackie Przybylowski thinks Lundin Mining Corp. made a good move in acquiring the Eagle nickel and copper mine in Michigan from Rio Tinto for $325-million.

“We view the acquisition as positive, and we think it fits Lundin’s corporate objectives, including filling the company’s project pipeline and being value accretive to shareholders in the near term,” she said.

Target: Ms. Przybylowski increased her target by 10 cents to $6.10 and maintained a “buy” rating. The average target is $5.75.