Lundin Gold (TSE:LUG – Get Free Report) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Monday, BayStreet.CA reports. They currently have a C$29.00 price objective on the stock, up from their prior price objective of C$25.00. Raymond James’ target price indicates a potential downside of 2.42% from the stock’s current price.
A number of other analysts have also recently weighed in on LUG. Royal Bank of Canada raised their price objective on Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. CIBC raised their price target on Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Scotiabank upped their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. National Bankshares increased their price objective on shares of Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, TD Securities raised their price target on shares of Lundin Gold from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$27.42.
View Our Latest Stock Report on LUG
Lundin Gold Trading Down 1.0 %
Lundin Gold (TSE:LUG – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The firm had revenue of C$412.43 million during the quarter. On average, sell-side analysts anticipate that Lundin Gold will post 2.5613577 earnings per share for the current year.
Insider Buying and Selling at Lundin Gold
In related news, Senior Officer Terrence Smith sold 25,740 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. In other news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total transaction of C$477,891.90. Insiders sold a total of 57,940 shares of company stock valued at $1,697,632 in the last three months. 58.75% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Lundin Gold
- Bank Stocks – Best Bank Stocks to Invest In
- The Average 401k Balance by Age Explained
- What Are Some of the Best Large-Cap Stocks to Buy?
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- Investing in the High PE Growth Stocks
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for Lundin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Gold and related companies with MarketBeat.com's FREE daily email newsletter.