Lundin Gold (TSE:LUG) Price Target Raised to C$23.00 at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its price target lifted by analysts at Jefferies Financial Group from C$19.00 to C$23.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 20.48% from the company’s current price.

A number of other research firms also recently commented on LUG. Scotiabank lifted their target price 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. National Bankshares boosted their target price on shares of Lundin Gold from C$24.50 to C$24.75 in a research report on Friday. Cormark upped their price target on shares of Lundin Gold from C$22.00 to C$23.00 in a report on Friday. Raymond James set a C$17.50 price objective on Lundin Gold and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Veritas Investment Research upped their target price on Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.84.

Lundin Gold Trading Down 5.4 %

TSE:LUG traded down C$1.09 during midday trading on Monday, hitting C$19.09. 127,670 shares of the company traded hands, compared to its average volume of 271,229. 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 has a 12-month low of C$14.23 and a 12-month high of C$20.36. The firm has a market capitalization of C$4.55 billion, a P/E ratio of 18.66 and a beta of 1.10. The firm’s fifty day moving average is C$17.54 and its 200-day moving average is C$16.60.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$259.63 million for the quarter. On average, sell-side analysts predict that Lundin Gold will post 1.3629738 EPS for the current year.

Insider Buying and Selling at Lundin Gold

In related news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was 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.