Lundin Gold Inc. (OTCMKTS:LUGDF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been assigned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Separately, UBS Group assumed coverage on Lundin Gold in a report on Thursday, May 28th. They set a “buy” rating on the stock.

Lundin Gold Price Performance

Shares of LUGDF opened at C$54.51 on Monday. Lundin Gold has a one year low of C$45.49 and a one year high of C$95.47. The stock’s fifty day moving average is C$64.40 and its 200-day moving average is C$75.58.

Lundin Gold Company Profile

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.