Lundin Gold (TSE:LUG) PT Raised to C$23.25

Lundin Gold (TSE:LUG) had its price target boosted by investment analysts at Canaccord Genuity Group from C$22.75 to C$23.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 23.21% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Scotiabank boosted their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Cormark boosted their price objective on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. National Bankshares boosted their price objective on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Veritas Investment Research boosted their price objective on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. Finally, Raymond James upped their target price on Lundin Gold from C$17.50 to C$21.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Lundin Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$22.25.

Lundin Gold Stock Down 0.7 %

TSE:LUG opened at C$18.87 on Tuesday. The firm has a market capitalization of C$4.49 billion, a PE ratio of 18.57 and a beta of 1.10. The stock has a 50 day moving average of C$17.70 and a 200-day moving average of C$16.66. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$20.36. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 31.98.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. Analysts predict that Lundin Gold will post 1.3629738 EPS for the current year.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. 59.46% of the stock is owned by corporate insiders.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.