Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Consensus Rating of “Hold” from Analysts

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating.

Several equities research analysts have recently commented on the stock. Scotiabank reiterated a “sector perform” rating on shares of Lundin Gold in a research note on Monday, January 26th. Jefferies Financial Group restated a “hold” rating on shares of Lundin Gold in a research report on Sunday, December 7th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Lundin Gold in a research report on Tuesday, January 13th.

Lundin Gold Trading Down 8.4%

Lundin Gold stock opened at C$84.34 on Wednesday. The stock has a 50-day moving average of C$83.38 and a two-hundred day moving average of C$75.37. Lundin Gold has a one year low of C$26.10 and a one year high of C$95.47.

About Lundin Gold

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.