Lundin Gold (TSE:LUG – Get Free Report) had its price target lifted by equities researchers at Raymond James from C$17.50 to C$21.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 11.29% from the company’s previous close.
A number of other equities analysts also recently weighed in on LUG. Jefferies Financial Group boosted their target price on shares of Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank boosted their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 28th. Veritas Investment Research boosted their price target on shares of Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Cormark boosted their price target on shares of Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Finally, National Bankshares boosted their price objective on shares of Lundin Gold from C$24.50 to C$24.75 in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$22.25.
Lundin Gold Price Performance
Lundin Gold (TSE:LUG – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The business had revenue of C$259.63 million for the quarter. As a group, research analysts expect that Lundin Gold will post 1.3629738 EPS for the current fiscal year.
Insider Buying and Selling
In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is currently owned by corporate insiders.
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.
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