Jefferies Financial Group Downgrades Lundin Gold (TSE:LUG) to Hold

Lundin Gold (TSE:LUG) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They presently have a C$36.00 price target on the stock, down from their prior price target of C$37.00. Jefferies Financial Group’s price objective indicates a potential upside of 12.78% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Lundin Gold from C$27.00 to C$31.00 in a report on Friday, December 6th. Desjardins upgraded shares of Lundin Gold to a “moderate buy” rating in a research note on Thursday, October 31st. National Bankshares raised their price objective on shares of Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, BMO Capital Markets cut Lundin Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.63.

Lundin Gold Trading Down 3.2 %

Shares of TSE:LUG opened at C$31.92 on Wednesday. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market capitalization of C$7.66 billion, a P/E ratio of 24.74 and a beta of 1.23. The company has a 50-day simple moving average of C$32.79 and a 200 day simple moving average of C$27.03.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The company had revenue of C$440.77 million during the quarter. Sell-side analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current year.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total transaction of C$477,891.90. Also, Senior Officer Chester See sold 14,900 shares of the business’s 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 transaction of C$448,490.00. Over the last ninety days, insiders sold 56,840 shares of company stock worth $1,686,209. Company insiders own 58.72% of the company’s stock.

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.