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

Lundin Gold Inc. (OTCMKTS:LUGDF) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Separately, UBS Group assumed coverage on shares of Lundin Gold in a research note on Thursday, May 28th. They set a “buy” rating on the stock.

Lundin Gold Stock Down 3.6%

LUGDF stock opened at C$56.10 on Friday. Lundin Gold has a 12-month low of C$45.49 and a 12-month high of C$95.47. The stock’s 50 day simple moving average is C$57.79 and its 200 day simple moving average is C$71.82.

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.