Raymond James Boosts Lumina Gold (CVE:LUM) Price Target to C$1.25

Lumina Gold (CVE:LUM) had its target price raised by stock analysts at Raymond James from C$1.00 to C$1.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 119.30% from the stock’s previous close.

Lumina Gold Stock Performance

Shares of CVE LUM traded up C$0.01 during mid-day trading on Tuesday, hitting C$0.57. The company had a trading volume of 93,500 shares, compared to its average volume of 111,405. The stock has a market cap of C$237.03 million, a price-to-earnings ratio of -14.25 and a beta of 1.52. Lumina Gold has a 12 month low of C$0.32 and a 12 month high of C$0.71. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.31 and a quick ratio of 0.17. The firm’s 50 day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.45.

About Lumina Gold

Lumina Gold Corp., a precious and base metals exploration and development company, engages in the acquisition, exploration, evaluation, and development of mineral resources in Ecuador. The company primarily explores for gold and copper deposits. It focuses on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador.