Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Average Rating of “Hold” from Analysts

Lundin Gold Inc. (OTCMKTS:LUGDF) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation.

Several research firms have issued reports on LUGDF. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lundin Gold in a research note on Sunday, December 7th. Scotiabank reissued a “sector perform” rating on shares of Lundin Gold in a research report on Monday, January 26th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a research note on Tuesday, January 13th.

Lundin Gold Trading Down 4.8%

Lundin Gold stock opened at C$68.19 on Friday. The company’s 50 day moving average is C$82.39 and its two-hundred day moving average is C$77.16. Lundin Gold has a 52-week low of C$28.54 and a 52-week high of C$95.47.

Lundin Gold Company Profile

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.