Luna Gold Stock Rating Lowered by NBF (LGC)
Luna Gold (CVE:LGC) was downgraded by stock analysts at NBF to an “underperform” rating in a report issued on Wednesday. They currently have a C$0.75 price objective on the stock, down from their previous price objective of C$1.50. NBF’s price target would indicate a potential downside of 75.57% from the stock’s previous close.
LGC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of Luna Gold from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a C$1.00 price target on the stock, down previously from C$1.60. Separately, analysts at Haywood Securities downgraded shares of Luna Gold from a “buy” rating to a “sell” rating in a research note on Wednesday, July 23rd. They now have a C$1.05 price target on the stock, up previously from C$0.80. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$1.31.
Shares of Luna Gold (CVE:LGC) opened at 0.98 on Wednesday. Luna Gold has a 52-week low of $0.92 and a 52-week high of $1.97. The stock’s 50-day moving average is $1.14 and its 200-day moving average is $1.16. The company has a market cap of $119.5 million and a P/E ratio of 6.19.
Luna Gold Corp. (CVE:LGC) is in the business of mineral exploration, mine development and is engaged in the operation, acquisition, exploration, development and of gold properties in Brazil.
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