Lundin Gold (OTCMKTS:LUGDF) Stock Price Up 3.6% – Time to Buy?

Lundin Gold Inc. (OTCMKTS:LUGDF) shares traded up 3.6% during mid-day trading on Tuesday . The stock traded as high as C$90.00 and last traded at C$89.48. 35,073 shares changed hands during trading, a decline of 19% from the average session volume of 43,337 shares. The stock had previously closed at C$86.34.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Gold in a research report on Friday, October 10th. Scotiabank restated a “sector perform” rating on shares of Lundin Gold in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of Lundin Gold in a research report on Sunday, December 7th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Lundin Gold Stock Up 3.6%

The business’s 50 day moving average price is C$82.99 and its two-hundred day moving average price is C$69.85.

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.