Lundin Gold (TSE:LUG) Downgraded by National Bankshares to "Sector Perform"

Lundin Gold (TSE:LUG - Get Free Report) was downgraded by equities researchers at National Bankshares from an "outperform" rating to a "sector perform" rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$89.00 price target on the stock, up from their previous price target of C$67.75. National Bankshares' price target would suggest a potential upside of 31.81% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Veritas lowered shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 9th. Royal Bank Of Canada raised their price objective on Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday, June 4th. CIBC upped their target price on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Cormark lowered Lundin Gold from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group boosted their price target on Lundin Gold from C$36.00 to C$45.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of "Hold" and a consensus price target of C$50.91.

Lundin Gold Trading Down 7.9%

TSE:LUG traded down C$5.80 on Tuesday, hitting C$67.52. 1,110,683 shares of the stock were exchanged, compared to its average volume of 651,158. The stock has a fifty day moving average of C$63.91 and a 200-day moving average of C$47.34. The stock has a market cap of C$11.53 billion, a PE ratio of 37.90 and a beta of 1.23. Lundin Gold has a fifty-two week low of C$19.48 and a fifty-two week high of C$75.19.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Senior Officer Terrence Smith sold 40,656 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of Lundin Gold stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of C$75.05, for a total transaction of C$105,070.00. Insiders have sold 65,056 shares of company stock worth $4,166,044 in the last ninety days. 58.72% of the stock is owned by insiders.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.