Lundin Gold (TSE:LUG) Trading Up 11.6%

Lundin Gold Inc. (TSE:LUGGet 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

In other Lundin Gold news, Senior Officer Nathan Saul Monash sold 30,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$11.92, for a total transaction of C$357,633.00. Following the completion of the transaction, the insider now owns 22,000 shares of the company’s stock, valued at approximately C$262,264.20. In related news, Senior Officer Nathan Saul Monash sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of C$11.92, for a total value of C$357,633.00. Following the sale, the insider now owns 22,000 shares of the company’s stock, valued at C$262,264.20. Also, Director Ronald F. Hochstein acquired 16,235 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were purchased at an average cost of C$9.60 per share, for a total transaction of C$155,856.00. Following the completion of the purchase, the director now directly owns 585,835 shares of the company’s stock, valued at approximately C$5,624,016. In the last three months, insiders have bought 479,935 shares of company stock worth $4,226,837.

Lundin Gold Company Profile

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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.

Further Reading

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