Lundin Gold (OTCMKTS:FTMNF) Trading Down 3.4%

Shares of Lundin Gold Inc. (OTCMKTS:FTMNFGet Rating) traded down 3.4% during trading on Friday . The company traded as low as $8.03 and last traded at $8.05. 3,345 shares traded hands during trading, a decline of 39% from the average session volume of 5,445 shares. The stock had previously closed at $8.33.

Several research analysts recently weighed in on FTMNF shares. Scotiabank upped their price target on shares of Lundin Gold from C$12.00 to C$13.00 in a research report on Tuesday, April 19th. National Bank Financial increased their target price on Lundin Gold from C$12.25 to C$13.50 in a report on Wednesday, April 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.25.

The firm’s 50 day simple moving average is $8.26 and its 200-day simple moving average is $8.03.

About Lundin Gold (OTCMKTS:FTMNF)

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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