Lundin Gold (TSE:LUG) PT Raised to C$14.00 at BMO Capital Markets

Lundin Gold (TSE:LUG) had its target price hoisted by BMO Capital Markets from C$8.50 to C$14.00 in a research report released on Wednesday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. CIBC boosted their price target on Lundin Gold from C$6.00 to C$7.00 in a report on Monday, July 15th. Eight Capital boosted their price target on Lundin Gold from C$6.25 to C$9.00 in a report on Thursday, August 8th. Finally, TD Securities boosted their price target on Lundin Gold from C$8.00 to C$9.00 and gave the company a speculative buy rating in a report on Tuesday, June 25th.

Shares of LUG traded up C$0.05 during trading hours on Wednesday, hitting C$8.07. The company had a trading volume of 220,797 shares, compared to its average volume of 120,227. The firm has a market cap of $1.70 billion and a P/E ratio of -30.92. The stock’s 50 day moving average price is C$8.06 and its 200 day moving average price is C$6.29. The company has a quick ratio of 5.01, a current ratio of 5.35 and a debt-to-equity ratio of 127.80. Lundin Gold has a 52-week low of C$4.42 and a 52-week high of C$9.04.



In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$8.16, for a total transaction of C$204,032.50. Also, Director Paul Mcrae sold 83,400 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$8.54, for a total value of C$712,236.00. Following the transaction, the director now owns 1,375 shares in the company, valued at approximately C$11,742.50.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

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