Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Average Rating of “Hold” from Analysts

Lundin Gold Inc. (OTCMKTS:LUGDF – Get Free Report) has received a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

A number of research firms recently issued reports on LUGDF. BMO Capital Markets restated a “market perform” rating on shares of Lundin Gold in a report on Friday. UBS Group initiated coverage on Lundin Gold in a research note on Thursday, May 28th. They issued a “buy” rating on the stock.

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Lundin Gold Price Performance

Shares of OTCMKTS:LUGDF opened at C$65.72 on Tuesday. The firm has a fifty day simple moving average of C$56.92 and a two-hundred day simple moving average of C$69.72. Lundin Gold has a 52 week low of C$51.68 and a 52 week high of C$95.47.

Lundin Gold Company Profile

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Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.

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