Lundin Gold (TSE:LUG) Price Target Raised to C$111.00

Lundin Gold (TSE:LUG) had its target price increased by equities research analysts at Jefferies Financial Group from C$96.00 to C$111.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 0.53% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets increased their price target on Lundin Gold from C$104.00 to C$108.00 in a research note on Monday, November 10th. Canaccord Genuity Group upped their price objective on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. CIBC raised their target price on shares of Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of Lundin Gold from C$16.00 to C$28.00 in a research report on Friday, October 10th. Finally, Raymond James Financial upped their price target on shares of Lundin Gold from C$65.00 to C$80.00 in a research note on Friday, October 10th. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of C$77.46.

Lundin Gold Stock Performance

Shares of LUG traded up C$2.26 during mid-day trading on Monday, reaching C$110.42. 224,796 shares of the company’s stock traded hands, compared to its average volume of 808,939. The business’s 50-day moving average price is C$103.09 and its 200-day moving average price is C$84.92. The stock has a market capitalization of C$26.66 billion, a P/E ratio of 39.02 and a beta of 1.19. Lundin Gold has a 12 month low of C$30.04 and a 12 month high of C$119.76.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%.The business had revenue of C$622.58 million during the quarter. Equities research analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current 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.