Lundin Gold Inc. (LUG.TO) (TSE:LUG) had its price objective dropped by analysts at CIBC from C$16.50 to C$15.00 in a research report issued to clients and investors on Monday, PriceTargets.com reports. The firm currently has a “na” rating on the stock. CIBC’s price objective would suggest a potential upside of 37.36% from the company’s previous close.
A number of other equities analysts have also recently weighed in on LUG. TD Securities raised shares of Lundin Gold Inc. (LUG.TO) from a “speculative buy” rating to a “buy” rating and upped their price target for the stock from C$17.00 to C$17.50 in a research note on Tuesday, October 20th. National Bank Financial lowered their price objective on shares of Lundin Gold Inc. (LUG.TO) from C$16.25 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, December 11th. Eight Capital increased their price objective on shares of Lundin Gold Inc. (LUG.TO) from C$16.75 to C$17.75 in a research note on Wednesday, November 11th. Finally, Scotiabank increased their price objective on shares of Lundin Gold Inc. (LUG.TO) from C$15.00 to C$17.50 in a research note on Tuesday, November 10th. Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$15.96.
TSE:LUG opened at C$10.92 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 135.60. Lundin Gold Inc. has a fifty-two week low of C$5.82 and a fifty-two week high of C$13.49. The stock has a market cap of C$2.52 billion and a PE ratio of -28.29. The firm’s fifty day simple moving average is C$10.63 and its 200-day simple moving average is C$11.40.
Lundin Gold Inc. (LUG.TO) (TSE:LUG) last posted its quarterly earnings results on Monday, November 9th. The company reported C$0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.41 by C($0.15). The firm had revenue of C$158.45 million for the quarter. Equities analysts anticipate that Lundin Gold Inc. will post 0.83 earnings per share for the current year.
In related news, Director Paul Mcrae acquired 10,000 shares of the business’s stock in a transaction dated Monday, January 18th. The shares were acquired at an average cost of C$9.90 per share, for a total transaction of C$99,000.00. Following the acquisition, the director now directly owns 11,375 shares in the company, valued at approximately C$112,612.50. Also, Senior Officer Nathan Saul Monash sold 40,000 shares of the stock in a transaction dated Friday, November 13th. The stock was sold at an average price of C$11.97, for a total transaction of C$478,936.00.
Lundin Gold Inc. (LUG.TO) Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 metallic mineral concessions and three materials concessions covering an area of approximately 64,786 hectares located in Southeast Ecuador. It also focuses on advancing the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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