Lundin Gold (TSE:LUG) Stock Rating Reaffirmed by CIBC

Lundin Gold (TSE:LUG)‘s stock had its “buy” rating reaffirmed by equities research analysts at CIBC in a note issued to investors on Thursday, Analyst Price Targets reports. They currently have a C$15.00 target price on the stock. CIBC’s price objective would suggest a potential upside of 35.50% from the stock’s previous close.

Several other equities analysts also recently issued reports on LUG. National Bankshares reduced their price target on shares of Lundin Gold from C$13.75 to C$13.25 and set a “sector perform” rating for the company in a report on Friday, September 10th. TD Securities boosted their target price on shares of Lundin Gold to C$15.50 and gave the company a “buy” rating in a research note on Thursday, August 12th. Desjardins upgraded shares of Lundin Gold from a “hold” rating to a “buy” rating in a research note on Thursday, July 22nd. Finally, National Bank Financial reduced their price objective on Lundin Gold to C$13.25 and set a “sector perform” rating for the company in a research report on Friday, September 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$14.84.

TSE LUG traded up C$0.13 during trading hours on Thursday, reaching C$11.07. The company’s stock had a trading volume of 106,113 shares, compared to its average volume of 282,515. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 105.58. The business has a 50-day simple moving average of C$10.69 and a 200 day simple moving average of C$11.05. Lundin Gold has a 52 week low of C$9.11 and a 52 week high of C$12.93. The stock has a market cap of C$2.58 billion and a PE ratio of 12.50.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Wednesday, August 11th. The company reported C$0.39 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.05. The company had revenue of C$172.00 million for the quarter. As a group, equities analysts predict that Lundin Gold will post 1.2500002 EPS for the current year.

In other Lundin Gold news, Director Pablo Mir sold 110,000 shares of the stock in a transaction on Friday, August 13th. The stock was sold at an average price of C$11.51, for a total transaction of C$1,265,605.00.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 29 metallic mineral concessions and three materials concessions covering an area of approximately 64,609 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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Analyst Recommendations for Lundin Gold (TSE:LUG)

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