Lundin Gold (TSE:LUG – Get Free Report) had its target price increased by research analysts at Raymond James from C$21.00 to C$25.00 in a report issued on Wednesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 5.98% from the company’s current price.
Several other equities research analysts also recently commented on the company. Desjardins raised Lundin Gold to a “moderate buy” rating in a report on Friday, May 10th. TD Securities upped their target price on shares of Lundin Gold from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Lundin Gold from C$24.00 to C$26.00 in a research note on Friday, July 12th. Canaccord Genuity Group upped their price target on Lundin Gold from C$25.00 to C$27.50 in a research note on Tuesday, July 23rd. Finally, Veritas Investment Research lifted their price target on Lundin Gold from C$20.90 to C$28.00 in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$24.65.
Read Our Latest Stock Analysis on Lundin Gold
Lundin Gold Stock Performance
Lundin Gold (TSE:LUG – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.01). The company had revenue of C$305.68 million for the quarter. Lundin Gold had a net margin of 19.47% and a return on equity of 18.30%. Analysts predict that Lundin Gold will post 1.6959518 earnings per share for the current year.
Insiders Place Their Bets
In related news, Senior Officer Chester See sold 50,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$20.25, for a total value of C$1,012,500.00. In other Lundin Gold news, Director Ian Gibbs sold 30,000 shares of Lundin Gold stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$19.90, for a total value of C$597,000.00. Also, Senior Officer Chester See sold 50,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$20.25, for a total transaction of C$1,012,500.00. Insiders have sold 110,100 shares of company stock worth $2,219,753 in the last 90 days. Company insiders own 58.99% of the company’s stock.
Lundin Gold Company Profile
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.
Featured Articles
- Five stocks we like better than Lundin Gold
- 3 Fintech Stocks With Good 2021 Prospects
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- What Are Dividend Champions? How to Invest in the Champions
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Lundin Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Gold and related companies with MarketBeat.com's FREE daily email newsletter.