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

Lundin Gold Inc. (OTCMKTS:LUGDF) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation.

LUGDF has been the topic of several research analyst reports. Scotiabank reissued a “sector perform” rating on shares of Lundin Gold in a research note on Thursday, October 23rd. Raymond James Financial restated a “market perform” rating on shares of Lundin Gold in a research note on Friday, October 10th. Jefferies Financial Group restated a “hold” rating on shares of Lundin Gold in a report on Sunday, December 7th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Lundin Gold in a report on Tuesday, December 9th.

Lundin Gold Trading Down 0.3%

OTCMKTS LUGDF opened at C$82.87 on Tuesday. The business’s fifty day moving average is C$80.58 and its 200-day moving average is C$66.87. Lundin Gold has a one year low of C$22.93 and a one year high of C$90.00.

Lundin Gold Company Profile

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.