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

Lundin Gold Inc. (OTCMKTS:LUGDF) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation.

Several research analysts have recently weighed in on the company. Scotiabank reiterated a “sector perform” rating on shares of Lundin Gold in a research note on Monday, January 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Lundin Gold in a report on Tuesday, January 13th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Lundin Gold in a research report on Sunday, December 7th.

Lundin Gold Price Performance

Shares of OTCMKTS LUGDF opened at C$70.40 on Friday. The stock has a fifty day simple moving average of C$81.78 and a two-hundred day simple moving average of C$77.30. Lundin Gold has a 1-year low of C$28.54 and a 1-year high of C$95.47.

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.