Lundin Gold (TSE:LUG) Stock Price Expected to Rise, TD Securities Analyst Says

Lundin Gold (TSE:LUG) had its price objective lifted by investment analysts at TD Securities from C$40.00 to C$46.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 15.40% from the company’s current price.

LUG has been the subject of a number of other reports. Royal Bank of Canada lifted their target price on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. CIBC lifted their target price on Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Desjardins lifted their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Cormark downgraded Lundin Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and cut their price target for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$35.18.

Lundin Gold Stock Down 0.9 %

Shares of TSE LUG opened at C$39.86 on Thursday. The business has a fifty day simple moving average of C$35.32 and a two-hundred day simple moving average of C$32.29. The firm has a market cap of C$6.80 billion, a PE ratio of 22.37 and a beta of 1.23. Lundin Gold has a twelve month low of C$15.40 and a twelve month high of C$41.74.

Insider Buying and Selling

In related news, Director Pablo Mir sold 11,535 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. Also, Director Ronald F. Hochstein sold 88,750 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$41.42, for a total value of C$3,675,732.13. Insiders have sold a total of 115,985 shares of company stock worth $4,681,281 in the last ninety days. 58.72% of the stock is owned by insiders.

About Lundin Gold

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.