Lundin Gold (TSE:LUG – Get Free Report) had its price target hoisted by Canaccord Genuity Group from C$22.75 to C$23.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 22.11% from the company’s previous close.
A number of other analysts have also recently commented on the company. Scotiabank boosted their price target on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Cormark upped their price objective on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday. National Bankshares upped their price objective on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday. Veritas Investment Research upped their price objective on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Finally, Jefferies Financial Group upped their price objective on Lundin Gold from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.25.
Check Out Our Latest Research Report on LUG
Lundin Gold Stock Up 0.7 %
Lundin Gold (TSE:LUG – Get Free Report) last issued 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 company had revenue of C$259.63 million during the quarter. On average, sell-side analysts forecast that Lundin Gold will post 1.3629738 EPS for the current year.
Insider Activity
In other news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction 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.
Read More
- Five stocks we like better than Lundin Gold
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Charles Schwab Fortifies its Uptrend on EPS Beat
- How to Evaluate a Stock Before BuyingÂ
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Lundin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Gold and related companies with MarketBeat.com's FREE daily email newsletter.