Lundin Gold Inc (TSE:LUG) has been given a C$8.50 price objective by equities researchers at TD Securities in a report released on Wednesday. The firm presently has a “speculative buy” rating on the stock. TD Securities’ target price indicates a potential upside of 59.47% from the stock’s current price.

LUG has been the topic of a number of other reports. Dundee Securities set a C$7.50 target price on Lundin Gold in a report on Thursday, August 18th. Scotiabank reiterated an “outperform” rating and issued a C$8.00 target price on shares of Lundin Gold in a report on Monday, October 17th. Finally, CIBC reiterated an “outperform” rating and issued a C$7.30 target price on shares of Lundin Gold in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Lundin Gold presently has a consensus rating of “Buy” and an average price target of C$7.40.

Analyst Recommendations for Lundin Gold (TSE:LUG)

Shares of Lundin Gold (TSE:LUG) traded down 3.00% during midday trading on Wednesday, hitting $5.18. 86,903 shares of the stock were exchanged. Lundin Gold has a 1-year low of $3.78 and a 1-year high of $6.62. The firm’s market capitalization is $614.79 million. The stock’s 50-day moving average price is $5.79 and its 200-day moving average price is $5.76.

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