Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Average Recommendation of “Hold” from Analysts

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have earned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company.

A number of equities analysts have issued reports on the company. UBS Group began coverage on Lundin Gold in a research report on Thursday, May 28th. They set a “buy” rating on the stock. BMO Capital Markets restated a “market perform” rating on shares of Lundin Gold in a research report on Friday.

Lundin Gold Stock Performance

LUGDF opened at C$65.72 on Tuesday. The firm’s 50-day moving average price is C$56.92 and its 200-day moving average price is C$69.72. Lundin Gold has a 52-week low of C$51.68 and a 52-week high of C$95.47.

About Lundin Gold

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.