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

Lundin Gold Inc. (OTCMKTS:LUGDF) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation.

LUGDF has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lundin Gold in a research note on Sunday, December 7th. Scotiabank reiterated a “sector perform” rating on shares of Lundin Gold in a research report on Monday, January 26th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a research note on Tuesday, January 13th.

Lundin Gold Trading Down 4.9%

Shares of LUGDF opened at C$68.63 on Friday. The stock has a 50 day moving average price of C$81.10 and a 200 day moving average price of C$77.20. Lundin Gold has a one year low of C$28.54 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.