Lundin Gold Inc. (TSE:LUG – Get Rating)’s stock price was up 11.6% during trading on Tuesday . The company traded as high as C$12.51 and last traded at C$12.41. Approximately 93,789 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 217,178 shares. The stock had previously closed at C$11.12.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on LUG shares. TD Securities lifted their price target on Lundin Gold from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Canaccord Genuity Group set a C$15.00 target price on shares of Lundin Gold and gave the stock a “buy” rating in a report on Monday. Cormark raised their target price on shares of Lundin Gold from C$12.00 to C$12.50 in a report on Thursday, August 11th. Finally, National Bankshares raised their target price on shares of Lundin Gold from C$11.00 to C$11.50 and gave the stock a “sector perform” rating in a report on Thursday, November 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.25.
Lundin Gold Stock Performance
The company has a current ratio of 1.78, a quick ratio of 1.41 and a debt-to-equity ratio of 64.04. The stock has a market capitalization of C$3.01 billion and a PE ratio of 13.49. The firm’s 50-day simple moving average is C$10.28 and its two-hundred day simple moving average is C$9.75.
Insiders Place Their Bets
Lundin Gold Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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