Lundin Gold (TSE:LUG) Stock Price Expected to Rise, Scotiabank Analyst Says

Lundin Gold (TSE:LUG) had its price objective lifted by equities research analysts at Scotiabank from C$30.00 to C$31.50 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential downside of 7.49% from the stock’s current price.

Other research analysts have also issued reports about the stock. TD Securities raised their target price on shares of Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Cormark raised Lundin Gold from a “market perform” rating to a “buy” rating and boosted their price objective for the stock from C$35.00 to C$38.00 in a research note on Friday, January 10th. Canaccord Genuity Group downgraded Lundin Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. CIBC boosted their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Finally, Desjardins raised shares of Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$33.30.

Lundin Gold Stock Up 0.5 %

TSE LUG opened at C$34.05 on Wednesday. The business has a fifty day moving average price of C$32.15 and a 200 day moving average price of C$29.12. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of C$8.17 billion, a P/E ratio of 26.40 and a beta of 1.23. Lundin Gold has a one year low of C$14.23 and a one year high of C$35.89.

Lundin Gold (TSE:LUG) last issued its earnings results on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. The business had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Insider Activity at Lundin Gold

In related news, Director Pablo Mir sold 11,535 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total value of C$355,001.16. 58.72% of the stock is owned by corporate insiders.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.