Lundin Gold (TSE:LUG) Price Target Raised to C$115.00

Lundin Gold (TSE:LUG) had its price objective upped by equities researchers at Cormark from C$100.00 to C$115.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Cormark’s price target suggests a potential downside of 4.31% from the company’s current price.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets increased their target price on shares of Lundin Gold from C$118.00 to C$125.00 in a research report on Tuesday. CIBC increased their price target on Lundin Gold from C$116.00 to C$123.00 in a report on Thursday, November 13th. Canaccord Genuity Group lifted their price target on shares of Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Raymond James Financial upped their price objective on shares of Lundin Gold from C$65.00 to C$80.00 in a report on Friday, October 10th. Finally, Jefferies Financial Group raised their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Eight equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lundin Gold presently has a consensus rating of “Reduce” and an average target price of C$83.96.

Lundin Gold Price Performance

TSE:LUG traded down C$0.27 during mid-day trading on Wednesday, reaching C$120.18. The stock had a trading volume of 271,959 shares, compared to its average volume of 516,463. The stock has a market cap of C$29.02 billion, a P/E ratio of 42.47 and a beta of 1.21. The business’s 50 day moving average is C$112.92 and its 200 day moving average is C$93.53. Lundin Gold has a fifty-two week low of C$33.34 and a fifty-two week high of C$124.13.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.86 EPS for the quarter. The company had revenue of C$622.58 million for the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. Equities analysts expect that Lundin Gold will post 2.5603448 EPS for the current year.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.