Jefferies Financial Group Raises Lundin Gold (TSE:LUG) Price Target to C$23.00

Lundin Gold (TSE:LUG) had its price target raised by equities researchers at Jefferies Financial Group from C$19.00 to C$23.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 21.05% from the company’s previous close.

Several other brokerages have also recently issued reports on LUG. Veritas Investment Research boosted their price target on Lundin Gold from C$20.90 to C$28.00 in a research report on Friday, April 12th. National Bankshares boosted their target price on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Raymond James set a C$17.50 target price on Lundin Gold and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Cormark boosted their target price on Lundin Gold from C$22.00 to C$23.00 in a research report on Friday, April 19th. Finally, Scotiabank boosted their target price on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.25.

Lundin Gold Stock Up 0.5 %

LUG opened at C$19.00 on Monday. The business’s 50-day simple moving average is C$17.61 and its 200-day simple moving average is C$16.63. The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.41 and a current ratio of 2.86. Lundin Gold has a one year low of C$14.23 and a one year high of C$20.36. The stock has a market capitalization of C$4.52 billion, a P/E ratio of 18.57 and a beta of 1.10.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The firm had revenue of C$259.63 million for the quarter. Analysts anticipate that Lundin Gold will post 1.3629738 EPS for the current year.

Insiders Place Their Bets

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. 59.46% of the stock is currently owned by corporate insiders.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.