Lundin Gold Inc. (OTCMKTS:LUGDF) Given Average Rating of “Hold” by Analysts

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have earned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Separately, UBS Group started coverage on Lundin Gold in a research note on Thursday, May 28th. They issued a “buy” rating on the stock.

Lundin Gold Stock Down 1.2%

Shares of OTCMKTS:LUGDF opened at C$53.62 on Friday. The business has a fifty day simple moving average of C$59.23 and a 200-day simple moving average of C$72.79. Lundin Gold has a 52 week low of C$45.49 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.