Lundin Gold (TSE:LUG - Get Free Report) had its price objective lifted by stock analysts at Royal Bank of Canada from C$50.00 to C$54.00 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada's price target suggests a potential downside of 24.03% from the stock's current price.
Several other equities research analysts also recently commented on LUG. Jefferies Financial Group boosted their price objective on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. Raymond James boosted their price objective on Lundin Gold from C$32.00 to C$43.00 in a report on Friday, April 4th. BMO Capital Markets lifted their target price on Lundin Gold from C$45.00 to C$62.00 in a research report on Friday, May 9th. Cormark cut Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, CIBC lifted their target price on Lundin Gold from C$44.00 to C$46.00 in a research report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$48.98.
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Lundin Gold Stock Performance
Shares of TSE LUG traded up C$2.58 during midday trading on Wednesday, hitting C$71.08. 1,066,485 shares of the stock traded hands, compared to its average volume of 601,855. The company has a market cap of C$12.13 billion, a PE ratio of 39.90 and a beta of 1.23. Lundin Gold has a one year low of C$18.48 and a one year high of C$71.19. The business has a 50 day moving average price of C$56.66 and a two-hundred day moving average price of C$43.36.
Insiders Place Their Bets
In other Lundin Gold news, Director Pablo Mir sold 8,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$57.50, for a total value of C$460,000.00. Also, Senior Officer Terrence Smith sold 40,656 shares of the business's stock in a transaction 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. Over the last quarter, insiders have sold 62,856 shares of company stock valued at $3,652,303. Insiders own 58.72% of the company's stock.
Lundin Gold Company Profile
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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.
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