Lundin Gold (TSE:LUG) PT Raised to C$13.50

Lundin Gold (TSE:LUG) had its target price raised by equities researchers at National Bank Financial to C$13.50 in a research report issued on Thursday, Stock Target Advisor reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 21.95% from the company’s current price.

Several other analysts have also weighed in on the company. Desjardins raised Lundin Gold from a “hold” rating to a “buy” rating in a report on Thursday, July 22nd. TD Securities lifted their price objective on Lundin Gold to C$15.50 and gave the stock a “buy” rating in a report on Thursday, August 12th. National Bankshares decreased their price target on Lundin Gold from C$13.75 to C$13.25 and set a “sector perform” rating on the stock in a research note on Friday, September 10th. Finally, CIBC reaffirmed a “buy” rating and issued a C$15.00 price target on shares of Lundin Gold in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lundin Gold has a consensus rating of “Buy” and an average target price of C$14.88.

Shares of TSE:LUG traded up C$0.13 during trading on Thursday, hitting C$11.07. 106,113 shares of the stock were exchanged, compared to its average volume of 282,515. Lundin Gold has a 1-year low of C$9.11 and a 1-year high of C$12.93. The company has a market capitalization of C$2.58 billion and a price-to-earnings ratio of 12.57. The company’s fifty day simple moving average is C$10.69 and its 200-day simple moving average is C$11.05. The company has a debt-to-equity ratio of 105.58, a quick ratio of 1.01 and a current ratio of 1.37.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Wednesday, August 11th. The company reported C$0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.34 by C$0.05. The firm had revenue of C$172.00 million for the quarter. On average, research analysts forecast that Lundin Gold will post 1.2500002 earnings per share for the current fiscal year.

In related news, Director Pablo Mir sold 110,000 shares of the business’s stock in a transaction on Friday, August 13th. The stock was sold at an average price of C$11.51, for a total value of C$1,265,605.00.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 29 metallic mineral concessions and three materials concessions covering an area of approximately 64,609 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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