Raymond James Increases Lumina Gold (CVE:LUM) Price Target to C$1.25

Lumina Gold (CVE:LUM) had its target price raised by equities researchers at Raymond James from C$1.00 to C$1.25 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 123.21% from the company’s current price.

Lumina Gold Price Performance

Shares of LUM stock opened at C$0.56 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.31 and a quick ratio of 0.17. The firm’s 50-day moving average is C$0.55 and its two-hundred day moving average is C$0.45. Lumina Gold has a 12 month low of C$0.32 and a 12 month high of C$0.69. The company has a market capitalization of C$232.87 million, a PE ratio of -14.00 and a beta of 1.52.

About Lumina Gold

Lumina Gold Corp., a precious and base metals exploration and development company, engages in the acquisition, exploration, evaluation, and development of mineral resources in Ecuador. The company primarily explores for gold and copper deposits. It focuses on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador.