Lundin Gold Inc. (OTCMKTS:LUGDF) Given Consensus Rating of “Hold” by Brokerages

Lundin Gold Inc. (OTCMKTS:LUGDF) has been given an average rating of “Hold” by the eight research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Separately, UBS Group assumed coverage on Lundin Gold in a research note on Thursday, May 28th. They issued a “buy” rating on the stock.

Lundin Gold Stock Down 4.0%

Shares of LUGDF stock opened at C$62.27 on Thursday. The business’s fifty day moving average is C$71.82 and its 200 day moving average is C$78.46. Lundin Gold has a twelve month low of C$45.49 and a twelve month high of C$95.47.

Lundin Gold Company Profile

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.