Lundin Gold (TSE:LUG – Get Free Report) had its target price raised by equities researchers at Canaccord Genuity Group from C$22.75 to C$23.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 23.21% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Cormark raised their target price on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Jefferies Financial Group lifted their price objective on Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday. Veritas Investment Research lifted their price objective on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Raymond James lifted their price objective on Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday. Finally, National Bankshares lifted their target price on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.25.
View Our Latest Stock Report on LUG
Lundin Gold Stock Down 0.7 %
Lundin Gold (TSE:LUG – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The business had revenue of C$259.63 million during the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. Analysts predict that Lundin Gold will post 1.3629738 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Insiders own 59.46% of the company’s stock.
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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