Royal Bank Of Canada Has Lowered Expectations for Lundin Gold (TSE:LUG) Stock Price

Lundin Gold (TSE:LUG) had its target price dropped by stock analysts at Royal Bank Of Canada from C$98.00 to C$89.00 in a research note issued to investors on Wednesday, BayStreet reports. Royal Bank Of Canada’s price target indicates a potential downside of 2.41% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Desjardins cut their price target on Lundin Gold from C$105.00 to C$100.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group lowered their target price on Lundin Gold from C$90.00 to C$88.00 in a research report on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce cut their target price on Lundin Gold from C$137.00 to C$131.00 in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lundin Gold presently has a consensus rating of “Buy” and a consensus target price of C$99.33.

Lundin Gold Stock Performance

Shares of Lundin Gold stock traded up C$0.05 during trading on Wednesday, hitting C$91.20. 272,498 shares of the stock were exchanged, compared to its average volume of 620,843. The stock’s fifty day moving average is C$89.06 and its 200 day moving average is C$93.75. The stock has a market cap of C$22.05 billion, a PE ratio of 23.69 and a beta of 1.64. Lundin Gold has a 12 month low of C$71.51 and a 12 month high of C$130.98.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Lundin Gold had a net margin of 46.31% and a return on equity of 81.63%. The firm had revenue of C$678.70 million during the quarter. Sell-side analysts anticipate that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company’s board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.