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

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Separately, UBS Group started coverage on shares of Lundin Gold in a report on Thursday, May 28th. They set a “buy” rating for the company.

Lundin Gold Price Performance

Shares of Lundin Gold stock opened at C$54.66 on Friday. The company’s fifty day simple moving average is C$58.90 and its two-hundred day simple moving average is C$72.58. Lundin Gold has a 12-month low of C$45.49 and a 12-month 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.