Lundin Gold (TSE:LUG) Given New C$113.00 Price Target at Royal Bank Of Canada

Lundin Gold (TSE:LUG) had its price objective upped by stock analysts at Royal Bank Of Canada from C$91.00 to C$113.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price objective indicates a potential upside of 2.57% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Lundin Gold from C$123.00 to C$141.00 in a research note on Wednesday, February 4th. Cormark increased their target price on Lundin Gold from C$100.00 to C$115.00 in a research report on Wednesday, January 14th. Scotiabank upped their price target on Lundin Gold from C$70.00 to C$90.00 in a research note on Monday, January 26th. Jefferies Financial Group raised their price objective on Lundin Gold from C$96.00 to C$111.00 in a research report on Monday, December 8th. Finally, Canaccord Genuity Group upped their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of C$98.17.

Lundin Gold Stock Down 3.1%

Shares of TSE LUG traded down C$3.53 during midday trading on Thursday, reaching C$110.17. The company had a trading volume of 236,411 shares, compared to its average volume of 638,203. The firm’s fifty day moving average price is C$114.46 and its 200-day moving average price is C$105.80. Lundin Gold has a one year low of C$40.71 and a one year high of C$130.98. The stock has a market cap of C$26.63 billion, a PE ratio of 33.69 and a beta of 1.30.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Friday, February 20th. The company reported C$1.33 earnings per share (EPS) for the quarter. Lundin Gold had a return on equity of 60.01% and a net margin of 44.42%.The company had revenue of C$697.82 million for the quarter. As a group, equities research analysts expect that Lundin Gold will post 2.5603448 EPS for the current year.

Lundin Gold Company Profile

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.