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

Lundin Gold (TSE:LUG - Get Free Report) was downgraded by analysts at TD Securities from a "buy" rating to a "hold" rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$73.00 price target on the stock, up from their previous price target of C$65.00. TD Securities' price target would suggest a potential upside of 13.90% from the company's current price.

Several other research firms also recently issued reports on LUG. Jefferies Financial Group upped their price objective on shares of Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. Veritas cut shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, June 9th. National Bank Financial cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 23rd. Cormark cut shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets increased their target price on shares of Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$51.64.

Lundin Gold Trading Down 1.9%

Lundin Gold stock traded down C$1.26 during midday trading on Wednesday, reaching C$64.09. 76,258 shares of the stock traded hands, compared to its average volume of 665,275. The firm has a fifty day moving average price of C$67.49 and a two-hundred day moving average price of C$51.07. The firm has a market cap of C$10.94 billion, a price-to-earnings ratio of 35.98 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.

Insider Buying and Selling at Lundin Gold

In related news, Senior Officer Terrence Smith sold 40,656 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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 the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total transaction of C$996,550.50. Over the last quarter, insiders have sold 65,056 shares of company stock valued at $4,166,044. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Company Profile

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.