Lundin Gold (TSE:LUG) Price Target Raised to C$125.00

Lundin Gold (TSE:LUG) had its target price hoisted by equities researchers at BMO Capital Markets from C$118.00 to C$125.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 1.91% from the company’s previous close.

LUG has been the subject of a number of other reports. Raymond James Financial lifted their price target on shares of Lundin Gold from C$65.00 to C$80.00 in a research note on Friday, October 10th. Jefferies Financial Group raised their price target on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Canaccord Genuity Group upped their price objective on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their target price on Lundin Gold from C$16.00 to C$28.00 in a research report on Friday, October 10th. Finally, CIBC raised their price target on shares of Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of C$78.88.

Lundin Gold Price Performance

Shares of TSE:LUG traded up C$4.68 during trading on Tuesday, hitting C$122.66. 490,211 shares of the company’s stock were exchanged, compared to its average volume of 509,628. The business’s 50-day simple moving average is C$112.41 and its 200 day simple moving average is C$93.16. The company has a market cap of C$29.61 billion, a price-to-earnings ratio of 43.34 and a beta of 1.21. Lundin Gold has a 52-week low of C$33.34 and a 52-week high of C$124.04.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.86 earnings per share for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. The company had revenue of C$622.58 million for the quarter. On average, sell-side analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.