Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating.

Several research analysts recently commented on LUGDF shares. BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a research note on Tuesday, January 13th. Scotiabank reissued a “sector perform” rating on shares of Lundin Gold in a research note on Monday, January 26th.

Lundin Gold Stock Up 4.5%

Lundin Gold stock opened at C$85.43 on Thursday. Lundin Gold has a one year low of C$37.32 and a one year high of C$95.47. The business’s fifty day moving average is C$80.29 and its 200 day moving average is C$79.05.

About Lundin Gold

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.