Lundin Gold Inc (LUG) Given Outperform Rating at Scotiabank
Lundin Gold Inc (TSE:LUG)‘s stock had its “outperform” rating reiterated by Scotiabank in a report released on Monday. They currently have a C$8.00 price target on the stock. Scotiabank’s price target would indicate a potential upside of 39.62% from the company’s previous close.
Separately, Dundee Securities set a C$7.50 price objective on shares of Lundin Gold in a research note on Thursday, August 18th. Five analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$7.20.
Lundin Gold (TSE:LUG) traded up 2.12% during mid-day trading on Monday, hitting $5.78. 22,708 shares of the company were exchanged. Lundin Gold has a 12-month low of $3.75 and a 12-month high of $6.62. The company has a 50 day moving average of $5.71 and a 200 day moving average of $5.66. The stock’s market cap is $643.25 million.
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