Lundin Gold (TSE:LUG) Rating Increased to Buy at Cormark

Lundin Gold (TSE:LUG - Get Free Report) was upgraded by analysts at Cormark from a "market perform" rating to a "buy" rating in a research report issued on Friday, BayStreet.CA reports. The firm currently has a C$22.00 price target on the stock, up from their previous price target of C$21.00. Cormark's price target points to a potential upside of 19.31% from the company's current price.

Several other research analysts have also recently commented on the company. Jefferies Financial Group set a C$19.00 target price on Lundin Gold and gave the stock a "buy" rating in a research note on Thursday, February 29th. Raymond James set a C$17.50 target price on Lundin Gold and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Scotiabank lifted their price target on Lundin Gold from C$20.00 to C$21.00 and gave the stock a "sector perform" rating in a report on Thursday, March 28th. Finally, National Bankshares lifted their price target on Lundin Gold from C$19.00 to C$20.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$20.95.

Lundin Gold Stock Down 1.8 %

LUG traded down C$0.34 on Friday, hitting C$18.44. 578,322 shares of the company were exchanged, compared to its average volume of 269,761. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$19.57. The company has a market cap of C$4.39 billion, a price-to-earnings ratio of 18.42 and a beta of 1.10. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98. The firm has a 50-day moving average price of C$17.14 and a two-hundred day moving average price of C$16.42.

Lundin Gold (TSE:LUG - Get Free Report) last released its earnings results 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). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The company had revenue of C$259.63 million for the quarter. On average, equities analysts predict that Lundin Gold will post 1.3629738 earnings per share for the current year.

Insider Activity

In other news, Director Ronald F. Hochstein sold 100,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was 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.

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.