Lundin Gold (TSE:LUG) Price Target Lowered to C$119.00 at BMO Capital Markets

Lundin Gold (TSE:LUG) had its target price decreased by BMO Capital Markets from C$128.00 to C$119.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 4.08% from the company’s previous close.

LUG has been the topic of a number of other reports. Canadian Imperial Bank of Commerce raised their price target on shares of Lundin Gold from C$123.00 to C$141.00 in a research note on Wednesday, February 4th. Scotiabank raised their target price on Lundin Gold from C$70.00 to C$90.00 in a research report on Monday, January 26th. TD Securities lifted their price target on Lundin Gold from C$95.00 to C$114.00 in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their price target on Lundin Gold from C$96.00 to C$111.00 in a research report on Monday, December 8th. Finally, Cormark raised their price objective on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of C$93.25.

Lundin Gold Stock Up 5.7%

Shares of LUG stock traded up C$6.17 during trading hours on Monday, hitting C$114.33. 269,519 shares of the company’s stock were exchanged, compared to its average volume of 620,714. The firm has a 50 day moving average of C$113.63 and a two-hundred day moving average of C$102.27. Lundin Gold has a fifty-two week low of C$37.86 and a fifty-two week high of C$125.75. The firm has a market cap of C$27.63 billion, a P/E ratio of 40.40 and a beta of 1.02.

Lundin Gold (TSE:LUG) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$1.33 earnings per share for the quarter. The company had revenue of C$697.82 million during the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. On average, equities analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.