Lundin Gold (TSE:LUG – Get Free Report) had its price objective upped by stock analysts at Veritas Investment Research from C$20.90 to C$28.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Veritas Investment Research’s price target would suggest a potential upside of 49.02% from the company’s current price.
Several other analysts have also issued reports on the company. National Bankshares upped their target price on Lundin Gold from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Jefferies Financial Group set a C$19.00 target price on Lundin Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. Raymond James set a C$17.50 target price on Lundin Gold and gave the stock an “outperform” rating in a report on Thursday, January 25th. Scotiabank raised their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Thursday, March 28th. Finally, Cormark raised Lundin Gold from a “market perform” rating to a “buy” rating and raised their price objective for the company from C$21.00 to C$22.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$20.95.
Read Our Latest Stock Analysis on Lundin Gold
Lundin Gold Stock Up 0.1 %
Lundin Gold (TSE:LUG – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a return on equity of 19.85% and a net margin of 19.88%. The company had revenue of C$259.63 million for the quarter. Equities analysts anticipate that Lundin Gold will post 1.3629738 EPS for the current year.
Insiders Place Their Bets
In other Lundin Gold news, Director Ronald F. Hochstein sold 100,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Corporate insiders own 59.46% of the company’s stock.
About Lundin Gold
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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