Lundin Gold (TSE:LUG - Get Free Report) had its target price hoisted by equities researchers at Jefferies Financial Group from C$19.00 to C$23.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 21.63% from the stock's current price.
A number of other equities analysts also recently weighed in on the company. National Bankshares upped their price target on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday. Raymond James set a C$17.50 price objective on Lundin Gold and gave the company an "outperform" rating in a report on Thursday, January 25th. Scotiabank upped their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 28th. Cormark increased their price objective on Lundin Gold from C$22.00 to C$23.00 in a report on Friday. Finally, Veritas Investment Research boosted their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$21.84.
Check Out Our Latest Stock Analysis on Lundin Gold
Lundin Gold Stock Down 6.3 %
LUG traded down C$1.27 during trading on Monday, reaching C$18.91. The company had a trading volume of 215,942 shares, compared to its average volume of 272,448. The company has a market cap of C$4.50 billion, a P/E ratio of 18.65 and a beta of 1.10. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$20.36. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41. The business's fifty day moving average price is C$17.54 and its 200 day moving average price is C$16.60.
Lundin Gold (TSE:LUG - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$259.63 million during the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. Equities analysts anticipate that Lundin Gold will post 1.3629738 EPS for the current year.
Insiders Place Their Bets
In other news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. Company insiders own 59.46% of the company's stock.
About Lundin Gold
(
Get Free Report)
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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