National Bankshares Increases Lundin Gold (TSE:LUG) Price Target to C$11.50

Lundin Gold (TSE:LUGGet Rating) had its price target lifted by equities research analysts at National Bankshares from C$11.00 to C$11.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential downside of 6.73% from the company’s current price.

LUG has been the subject of a number of other research reports. TD Securities increased their price target on Lundin Gold from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Cormark increased their price target on Lundin Gold from C$12.00 to C$12.50 in a research report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.03.

Lundin Gold Price Performance

TSE:LUG opened at C$12.33 on Thursday. The business’s 50-day moving average price is C$9.85 and its 200 day moving average price is C$9.65. The firm has a market cap of C$2.90 billion and a P/E ratio of 12.71. Lundin Gold has a 52-week low of C$7.80 and a 52-week high of C$12.73. The company has a quick ratio of 1.46, a current ratio of 1.78 and a debt-to-equity ratio of 64.04.

Lundin Gold (TSE:LUGGet Rating) last released its earnings results on Tuesday, August 9th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.07). The company had revenue of C$226.95 million during the quarter. As a group, sell-side analysts predict that Lundin Gold will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Lundin Gold

In other news, Director Ronald F. Hochstein purchased 16,235 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of C$9.60 per share, with a total value of C$155,856.00. Following the purchase, the director now directly owns 585,835 shares of the company’s stock, valued at C$5,624,016. In related news, insider Lorito Holdings S.à.r.l. acquired 220,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of C$8.77 per share, with a total value of C$1,928,498.00. Following the purchase, the insider now owns 401,000 shares of the company’s stock, valued at C$3,515,125.90. Also, Director Ronald F. Hochstein acquired 16,235 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought 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 in the company, valued at approximately C$5,624,016. Insiders bought 479,935 shares of company stock valued at $4,226,837 in the last three months.

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.

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Analyst Recommendations for Lundin Gold (TSE:LUG)

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