Lake Shore Gold’s “Sector Underperform” Rating Reaffirmed at CIBC (LSG)
Lake Shore Gold (TSE:LSG)‘s stock had its “sector underperform” rating reaffirmed by CIBC in a research note issued on Thursday, AnalystRatingsNetwork reports.
Shares of Lake Shore Gold (TSE:LSG) traded down 3.95% on Thursday, hitting $0.365. 275,665 shares of the company’s stock traded hands. Lake Shore Gold has a 52 week low of $0.16 and a 52 week high of $0.98. The stock’s 50-day moving average is $0.44 and its 200-day moving average is $0.43. The company’s market cap is $152.1 million.
A number of other firms have also recently commented on LSG. Analysts at RBC Capital downgraded shares of Lake Shore Gold from a “sector perform” rating to an “underperform” rating in a research note to investors on Monday, August 19th. They now have a C$0.60 price target on the stock, down previously from C$0.70. Separately, analysts at BMO Capital Markets raised their price target on shares of Lake Shore Gold from C$0.30 to C$0.50 in a research note to investors on Wednesday, August 14th. They now have an “underperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Lake Shore Gold from C$0.50 to C$0.60 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. Lake Shore Gold presently has a consensus rating of “Hold” and an average target price of C$0.83.
Lake Shore Gold Corp. (TSE:LSG) is a gold mining company.
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