Lundin Gold (TSE:LUG – Get Free Report) had its target price increased by equities researchers at Cormark from C$22.00 to C$23.00 in a research report issued on Friday, BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 14.60% from the stock’s current price.
Several other research analysts also recently issued reports on LUG. Raymond James set a C$17.50 price objective on Lundin Gold and gave the company an “outperform” rating in a research note on Thursday, January 25th. Veritas Investment Research upped their price target on shares of Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. National Bankshares boosted their price objective on shares of Lundin Gold from C$24.50 to C$24.75 in a research note on Friday. Scotiabank upped their price target on Lundin Gold from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group set a C$19.00 price target on shares of Lundin Gold and gave the stock a “buy” rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$21.48.
Check Out Our Latest Stock Analysis on Lundin Gold
Lundin Gold Price Performance
Lundin Gold (TSE:LUG – Get Free Report) last released its quarterly earnings data 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). The firm had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. On average, research analysts anticipate that Lundin Gold will post 1.3629738 earnings per share for the current year.
Insider Buying and Selling
In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. 59.46% of the stock is 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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