TD Securities Increases Lundin Gold (TSE:LUG) Price Target to C$114.00

Lundin Gold (TSE:LUG) had its price objective raised by research analysts at TD Securities from C$95.00 to C$114.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ target price suggests a potential downside of 3.89% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Lundin Gold from C$118.00 to C$125.00 in a research report on Tuesday, January 13th. Canaccord Genuity Group boosted their price objective on shares of Lundin Gold from C$103.00 to C$108.00 in a research note on Wednesday, November 12th. CIBC increased their price objective on Lundin Gold from C$116.00 to C$123.00 in a report on Thursday, November 13th. Jefferies Financial Group lifted their target price on Lundin Gold from C$96.00 to C$111.00 in a report on Monday, December 8th. Finally, Raymond James Financial raised their price objective on Lundin Gold from C$65.00 to C$80.00 in a research report on Friday, October 10th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lundin Gold currently has a consensus rating of “Reduce” and a consensus price target of C$92.45.

Lundin Gold Stock Up 2.7%

Lundin Gold stock traded up C$3.08 during trading hours on Thursday, hitting C$118.61. The stock had a trading volume of 332,413 shares, compared to its average volume of 527,746. The business’s 50 day simple moving average is C$114.50 and its 200-day simple moving average is C$95.36. Lundin Gold has a one year low of C$34.07 and a one year high of C$124.13. The stock has a market cap of C$28.64 billion, a price-to-earnings ratio of 41.91 and a beta of 1.21.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$622.58 million during the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%. Research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.