Lundin Gold (TSE:LUG) Stock Rating Lowered by TD Securities

Lundin Gold (TSE:LUG - Get Free Report) was downgraded by investment analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday, July 16th, MarketBeat Ratings reports. They presently have a C$73.00 price objective on the stock, up from their prior price objective of C$65.00. TD Securities' price objective indicates a potential upside of 10.47% from the stock's current price.

A number of other brokerages also recently issued reports on LUG. CIBC boosted their price target on Lundin Gold from C$44.00 to C$46.00 in a report on Thursday, April 17th. Raymond James Financial boosted their price target on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. Jefferies Financial Group boosted their price target on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. National Bank Financial downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, June 23rd. Finally, National Bankshares downgraded Lundin Gold from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$67.75 to C$89.00 in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Lundin Gold currently has an average rating of "Hold" and a consensus target price of C$54.18.

Lundin Gold Stock Performance

Shares of TSE LUG opened at C$66.08 on Wednesday. The stock has a market cap of C$11.28 billion, a PE ratio of 37.09 and a beta of 1.23. Lundin Gold has a fifty-two week low of C$21.51 and a fifty-two week high of C$75.19. The stock has a fifty day moving average of C$67.87 and a 200-day moving average of C$52.15.

Insider Activity at Lundin Gold

In other news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total value of C$2,604,423.36. Also, Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total value of C$996,550.50. In the last three months, insiders have sold 65,056 shares of company stock valued at $4,166,044. Corporate insiders own 58.72% of the company's stock.

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.