Lundin Gold (TSE:LUG) Stock Price Expected to Rise, Scotiabank Analyst Says

Lundin Gold (TSE:LUG) had its price objective lifted by investment analysts at Scotiabank from C$70.00 to C$90.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s target price points to a potential downside of 24.87% from the company’s previous close.

Several other equities research analysts have also recently issued reports on LUG. BMO Capital Markets lifted their target price on shares of Lundin Gold from C$118.00 to C$125.00 in a research note on Tuesday, January 13th. Jefferies Financial Group raised their price target on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. TD Securities boosted their price target on shares of Lundin Gold from C$95.00 to C$114.00 in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Finally, CIBC raised their target price on shares of Lundin Gold from C$116.00 to C$123.00 in a research note on Thursday, November 13th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lundin Gold currently has a consensus rating of “Reduce” and an average price target of C$92.25.

Lundin Gold Stock Performance

Shares of LUG traded down C$1.13 during mid-day trading on Monday, hitting C$119.79. 433,044 shares of the company were exchanged, compared to its average volume of 535,854. The stock has a market cap of C$28.92 billion, a price-to-earnings ratio of 42.33 and a beta of 1.21. Lundin Gold has a 1-year low of C$34.07 and a 1-year high of C$125.66. The company has a 50 day moving average of C$114.77 and a 200-day moving average of C$96.21.

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

Lundin Gold Company Profile

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.