Lundin Gold (TSE:LUG) Price Target Cut to C$88.00 by Analysts at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its price objective lowered by analysts at Jefferies Financial Group from C$90.00 to C$88.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 8.31% from the stock’s current price.

A number of other research analysts have also commented on LUG. ATB Cormark Capital Markets upgraded Lundin Gold from a “sector perform” rating to an “outperform” rating and set a C$130.00 price target for the company in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of Lundin Gold from C$91.00 to C$113.00 in a research note on Thursday, March 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$99.67.

Lundin Gold Trading Down 2.6%

Shares of TSE LUG traded down C$2.14 during midday trading on Monday, reaching C$81.25. 235,093 shares of the company were exchanged, compared to its average volume of 642,566. The stock has a fifty day simple moving average of C$85.76 and a 200 day simple moving average of C$103.00. Lundin Gold has a 1 year low of C$62.55 and a 1 year high of C$130.98. The stock has a market cap of C$19.65 billion, a P/E ratio of 21.55 and a beta of 1.64.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$1.57 earnings per share for the quarter. Lundin Gold had a return on equity of 68.29% and a net margin of 45.73%.The firm had revenue of C$788.83 million during the quarter. As a group, analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current 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.