Lundin Gold’s (LUG) Outperform Rating Reaffirmed at Scotiabank
Lundin Gold Inc (TSE:LUG)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a research report issued on Monday. They presently have a C$8.00 target price on the stock. Scotiabank’s price objective suggests a potential upside of 39.62% from the stock’s current price.
Separately, Dundee Securities set a C$7.50 target price on shares of Lundin Gold in a research note on Thursday, August 18th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$7.20.
Shares of Lundin Gold (TSE:LUG) traded up 2.032% on Monday, reaching $5.775. 23,008 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $5.71 and a 200-day moving average price of $5.66. The company’s market cap is $642.69 million. Lundin Gold has a 12-month low of $3.75 and a 12-month high of $6.62.
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