Lundin Gold (TSE:LUG) Given New C$115.00 Price Target at Cormark

Lundin Gold (TSE:LUG) had its price target lifted by equities researchers at Cormark from C$100.00 to C$115.00 in a research note issued on Wednesday,BayStreet.CA reports. Cormark’s price objective suggests a potential downside of 4.31% from the company’s current price.

A number of other brokerages have also issued reports on LUG. JPMorgan Chase & Co. boosted their target price on Lundin Gold from C$16.00 to C$28.00 in a research report on Friday, October 10th. BMO Capital Markets lifted their price target on Lundin Gold from C$118.00 to C$125.00 in a research note on Tuesday. CIBC upped their price objective on shares of Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Finally, Raymond James Financial upped their price target on shares of Lundin Gold from C$65.00 to C$80.00 in a research report on Friday, October 10th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of C$83.96.

Lundin Gold Price Performance

Shares of LUG traded down C$0.27 during mid-day trading on Wednesday, hitting C$120.18. The company’s stock had a trading volume of 271,959 shares, compared to its average volume of 516,463. The firm has a 50-day moving average price of C$112.92 and a 200 day moving average price of C$93.53. Lundin Gold has a fifty-two week low of C$33.34 and a fifty-two week high of C$124.13. The stock has a market capitalization of C$29.02 billion, a price-to-earnings ratio of 42.47 and a beta of 1.21.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. The firm had revenue of C$622.58 million for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. As a group, equities 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.