Lundin Gold (TSE:LUG – Get Free Report) had its target price raised by equities research analysts at Jefferies Financial Group from C$35.00 to C$37.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 6.54% from the company’s previous close.
Several other brokerages also recently issued reports on LUG. Canaccord Genuity Group raised their price target on Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. National Bank Financial raised shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Raymond James lowered shares of Lundin Gold from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Cormark lifted their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Finally, Scotiabank upped their target price on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$29.42.
View Our Latest Research Report on Lundin Gold
Lundin Gold Stock Performance
Lundin Gold (TSE:LUG – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The business had revenue of C$412.43 million for the quarter. As a group, equities research analysts predict that Lundin Gold will post 2.5603448 EPS for the current year.
Insiders Place Their Bets
In other news, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. In related news, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total value of C$459,913.60. Over the last three months, insiders have sold 72,840 shares of company stock worth $2,146,122. 58.72% of the stock is owned by corporate insiders.
About Lundin Gold
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.
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