Lundin Gold (OTCMKTS:LUGDF) Stock Price Down 1.3% – Here’s What Happened

Lundin Gold Inc. (OTCMKTS:LUGDF) shares fell 1.3% on Monday . The company traded as low as C$82.99 and last traded at C$84.10. 32,234 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 52,793 shares. The stock had previously closed at C$85.23.

Analyst Ratings Changes

A number of brokerages recently weighed in on LUGDF. BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a research report on Tuesday, January 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Lundin Gold in a report on Monday, January 26th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Lundin Gold currently has an average rating of “Hold”.

Lundin Gold Trading Down 1.3%

The business’s 50 day moving average price is C$79.72 and its 200-day moving average price is C$78.62.

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.