Lundin Gold (TSE:LUG) Price Target Raised to C$21.00 at Raymond James

Lundin Gold (TSE:LUG) had its price objective lifted by investment analysts at Raymond James from C$17.50 to C$21.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 10.29% from the stock’s current price.

Several other research firms have also commented on LUG. Cormark boosted their price objective on shares of Lundin Gold from C$22.00 to C$23.00 in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank boosted their price objective on shares of Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 28th. National Bankshares boosted their price objective on shares of Lundin Gold from C$24.50 to C$24.75 in a research note on Friday. Finally, Veritas Investment Research boosted their price objective on shares of Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$22.25.

Lundin Gold Stock Up 0.7 %

Shares of LUG traded up C$0.13 during mid-day trading on Tuesday, hitting C$19.04. The company’s stock had a trading volume of 89,672 shares, compared to its average volume of 270,116. The company’s 50-day moving average is C$17.54 and its 200-day moving average is C$16.60. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$20.36. The firm has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 18.64 and a beta of 1.10. 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 announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The business had revenue of C$259.63 million during the quarter. On average, equities research analysts forecast that Lundin Gold will post 1.3629738 EPS for the current fiscal year.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the company’s stock in a transaction that occurred 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 currently owned by company 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.