Lundin Gold (TSE:LUG – Get Free Report) had its target price increased by investment analysts at Cormark from C$20.00 to C$21.00 in a research report issued on Thursday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 9.38% from the stock’s previous close.
A number of other research firms also recently commented on LUG. Raymond James set a C$17.50 price objective on shares of Lundin Gold and gave the company an “outperform” rating in a research note on Thursday, January 25th. BMO Capital Markets increased their price target on shares of Lundin Gold from C$20.00 to C$22.00 in a research report on Wednesday, December 13th. Desjardins lifted their price target on Lundin Gold from C$19.75 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Jefferies Financial Group set a C$19.00 price objective on Lundin Gold and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, National Bankshares increased their target price on Lundin Gold from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$20.15.
View Our Latest Report on Lundin Gold
Lundin Gold Stock Up 1.6 %
Lundin Gold (TSE:LUG – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The firm had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. On average, equities research analysts anticipate that Lundin Gold will post 1.4275862 EPS for the current fiscal year.
Insider Activity
In related news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total value of C$1,673,330.00. Corporate insiders own 59.44% of the company’s stock.
About Lundin Gold
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.
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