Canaccord Genuity Group Boosts Lundin Gold (TSE:LUG) Price Target to C$23.25

Lundin Gold (TSE:LUG - Get Free Report) had its price target upped by research analysts at Canaccord Genuity Group from C$22.75 to C$23.25 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's target price would suggest a potential upside of 22.37% from the company's current price.

LUG has been the topic of several other research reports. Jefferies Financial Group lifted their target price on shares of Lundin Gold from C$19.00 to C$23.00 and gave the company a "buy" rating in a report on Monday. Veritas Investment Research lifted their target price on shares of Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. National Bankshares lifted their price target on shares of Lundin Gold from C$24.50 to C$24.75 in a research note on Friday. Scotiabank lifted their price target on shares of 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. Finally, Cormark lifted their price target on shares of Lundin Gold from C$22.00 to C$23.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lundin Gold presently has a consensus rating of "Moderate Buy" and an average price target of C$22.25.

Lundin Gold Trading Up 0.5 %

Shares of LUG traded up C$0.09 during mid-day trading on Tuesday, reaching C$19.00. The company had a trading volume of 209,302 shares, compared to its average volume of 271,649. The stock has a market cap of C$4.52 billion, a price-to-earnings ratio of 18.57 and a beta of 1.10. The firm has a fifty day simple moving average of C$17.61 and a 200-day simple moving average of C$16.63. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$20.36. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUG - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The business had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. On average, sell-side analysts anticipate that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Insider Activity at Lundin Gold

In related news, Director Ronald F. Hochstein sold 100,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Insiders own 59.46% of the company's stock.

Lundin Gold Company Profile

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.