Lundin Gold (TSE:LUG) PT Raised to C$21.00

Lundin Gold (TSE:LUG) had its target price increased by stock analysts at Raymond James from C$17.50 to C$21.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 11.29% from the company’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group upped their target price on Lundin Gold from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday. National Bankshares upped their target price on Lundin Gold from C$24.50 to C$24.75 in a research report on Friday, April 19th. Scotiabank upped 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. Veritas Investment Research raised their price objective on Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Finally, Cormark raised their price objective on Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lundin Gold has an average rating of “Moderate Buy” and an average target price of C$22.25.

Lundin Gold Stock Performance

Shares of LUG stock opened at C$18.87 on Tuesday. The business’s 50 day simple moving average is C$17.70 and its 200 day simple moving average is C$16.66. 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$4.49 billion, a PE ratio of 18.57 and a beta of 1.10. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41.

Lundin Gold (TSE:LUG) last announced its earnings results on Thursday, February 22nd. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The company had revenue of C$259.63 million during the quarter. As a group, research analysts forecast that Lundin Gold will post 1.3629738 earnings per share for the current year.

Insider Buying and Selling at Lundin Gold

In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of Lundin Gold stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Insiders own 59.46% of the company’s stock.

Lundin Gold Company Profile

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.