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

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Several equities analysts recently commented on the stock. UBS Group initiated coverage on shares of Lundin Gold in a research note on Thursday, May 28th. They set a “buy” rating for the company. BMO Capital Markets restated a “market perform” rating on shares of Lundin Gold in a research report on Friday, August 7th.

Lundin Gold Trading Up 0.6%

Lundin Gold stock opened at C$65.60 on Tuesday. Lundin Gold has a 1-year low of C$51.68 and a 1-year high of C$95.47. The firm has a 50 day simple moving average of C$57.47 and a 200 day simple moving average of C$68.97.

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.