Lundin Gold (TSE:LUG) PT Raised to C$32.00

Lundin Gold (TSE:LUG) had its price target hoisted by equities researchers at National Bankshares from C$30.75 to C$32.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 29.14% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Cormark upped their price objective on shares of Lundin Gold from C$26.00 to C$27.00 in a research report on Friday, August 9th. Jefferies Financial Group lifted their price objective on shares of Lundin Gold from C$24.00 to C$26.00 in a report on Friday, July 12th. CIBC lifted their price objective on shares of Lundin Gold from C$22.00 to C$25.00 in a research report on Wednesday, July 10th. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$25.00 to C$27.50 in a research note on Tuesday, July 23rd. Finally, Scotiabank boosted their price objective on shares of Lundin Gold from C$21.00 to C$23.50 in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.17.

Lundin Gold Stock Performance

TSE LUG traded down C$0.09 during trading on Wednesday, reaching C$24.78. The company’s stock had a trading volume of 213,338 shares, compared to its average volume of 245,985. The firm has a 50 day moving average price of C$21.57 and a 200 day moving average price of C$19.31. The firm has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 19.34 and a beta of 1.14. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 33.65. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$25.39.

Insider Activity at Lundin Gold

In other Lundin Gold news, Senior Officer Chester See sold 30,100 shares of Lundin Gold stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$20.27, for a total value of C$610,253.42. 58.83% of the stock is currently 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.