Jefferies Financial Group Lowers Lundin Gold (TSE:LUG) Price Target to C$88.00

Lundin Gold (TSE:LUG) had its price objective reduced by research analysts at Jefferies Financial Group from C$90.00 to C$88.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 8.31% from the company’s current price.

A number of other research firms also recently issued reports on LUG. Royal Bank Of Canada boosted their price target on Lundin Gold from C$91.00 to C$113.00 in a research report on Thursday, March 12th. ATB Cormark Capital Markets raised shares of Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$99.67.

Lundin Gold Stock Down 2.6%

TSE:LUG traded down C$2.14 during midday trading on Monday, hitting C$81.25. The stock had a trading volume of 235,093 shares, compared to its average volume of 642,566. Lundin Gold has a one year low of C$62.55 and a one year high of C$130.98. The stock has a 50-day moving average of C$85.76 and a 200 day moving average of C$103.00. The company has a market capitalization of C$19.65 billion, a price-to-earnings ratio of 21.55 and a beta of 1.64.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$1.57 earnings per share (EPS) for the quarter. The business had revenue of C$788.83 million during the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. On average, sell-side analysts anticipate that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Company Profile

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.