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

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating.

LUGDF has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Lundin Gold in a research note on Tuesday, January 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Lundin Gold in a research note on Monday, January 26th.

Lundin Gold Stock Up 1.7%

OTCMKTS LUGDF opened at C$77.51 on Thursday. Lundin Gold has a 1-year low of C$37.32 and a 1-year high of C$95.47. The firm’s fifty day simple moving average is C$80.24 and its 200-day simple moving average is C$79.34.

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.