Lundin Gold Inc. (OTCMKTS:LUGDF) Given Consensus Rating of “Hold” by Brokerages

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

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

Lundin Gold Price Performance

OTCMKTS:LUGDF opened at C$86.97 on Wednesday. Lundin Gold has a 1 year low of C$26.10 and a 1 year high of C$92.26. The stock has a 50-day moving average price of C$82.82 and a two-hundred day moving average price of C$74.22.

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.