Research Analysts’ Weekly Ratings Updates for Lundin Gold (LUG)

A number of firms have modified their ratings and price targets on shares of Lundin Gold (TSE: LUG) recently:

  • 7/22/2020 – Lundin Gold was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating. They now have a C$14.25 price target on the stock, up previously from C$13.75.
  • 7/20/2020 – Lundin Gold had its price target raised by analysts at Eight Capital from C$13.50 to C$14.75.
  • 7/9/2020 – Lundin Gold was upgraded by analysts at Haywood Securities from a “hold” rating to a “buy” rating. They now have a C$14.50 price target on the stock, up previously from C$11.50.
  • 7/7/2020 – Lundin Gold had its price target raised by analysts at CIBC from C$14.00 to C$15.00.

Shares of Lundin Gold stock opened at C$12.62 on Tuesday. The company has a debt-to-equity ratio of 151.02, a current ratio of 1.24 and a quick ratio of 0.81. Lundin Gold Inc has a 1 year low of C$5.82 and a 1 year high of C$13.49. The firm has a market cap of $2.81 billion and a PE ratio of -23.37. The company has a 50 day simple moving average of C$12.11 and a two-hundred day simple moving average of C$10.64.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.13). The business had revenue of C$49.48 million during the quarter. As a group, research analysts anticipate that Lundin Gold Inc will post 0.74 earnings per share for the current year.

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

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