Desjardins Lowers Lundin Gold (TSE:LUG) Price Target to C$100.00

Lundin Gold (TSE:LUG) had its price target reduced by stock analysts at Desjardins from C$105.00 to C$100.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 24.08% from the stock’s previous close.

Other analysts have also issued reports about the stock. ATB Cormark Capital Markets raised shares of Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price objective on the stock in a research report on Friday, May 8th. Jefferies Financial Group dropped their target price on Lundin Gold from C$90.00 to C$88.00 in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$102.17.

Lundin Gold Stock Up 1.5%

TSE LUG traded up C$1.21 during trading on Monday, hitting C$80.59. 228,022 shares of the stock traded hands, compared to its average volume of 630,355. Lundin Gold has a 12-month low of C$62.55 and a 12-month high of C$130.98. The firm has a 50-day simple moving average of C$80.82 and a 200-day simple moving average of C$99.06. The company has a market capitalization of C$19.49 billion, a P/E ratio of 21.38 and a beta of 1.64.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, May 7th. The company reported C$1.57 earnings per share for the quarter. Lundin Gold had a net margin of 45.73% and a return on equity of 68.29%. The firm had revenue of C$788.83 million for the quarter. As a group, research analysts predict that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.