Lundin Gold (TSE:LUG – Get Free Report) had its price target boosted by equities researchers at National Bankshares from C$24.50 to C$24.75 in a report released on Friday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 23.32% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Raymond James set a C$17.50 target price on Lundin Gold and gave the stock an “outperform” rating in a report on Thursday, January 25th. Scotiabank increased their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Thursday, March 28th. Veritas Investment Research raised their price objective on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Cormark raised shares of Lundin Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$21.00 to C$22.00 in a research report on Friday, April 12th. Finally, Jefferies Financial Group set a C$19.00 price target on shares of Lundin Gold and gave the company a “buy” rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lundin Gold has a consensus rating of “Moderate Buy” and an average price target of C$21.48.
View Our Latest Stock Report on LUG
Lundin Gold Trading Up 1.6 %
Lundin Gold (TSE:LUG – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The business had revenue of C$259.63 million during the quarter. On average, equities analysts anticipate that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Insiders own 59.46% of the company’s stock.
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.
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