National Bank Financial Raises Lundin Gold (OTCMKTS:FTMNF) Price Target to C$13.50

Lundin Gold (OTCMKTS:FTMNF) had its price objective boosted by stock analysts at National Bank Financial from C$13.25 to C$13.50 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “sector perform” rating on the stock.

Several other research analysts also recently commented on the stock. Scotiabank lifted their target price on shares of Lundin Gold from C$14.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. TD Securities decreased their target price on shares of Lundin Gold from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Thursday, August 12th. Finally, Desjardins raised shares of Lundin Gold from a “hold” rating to a “buy” rating in a research note on Friday, July 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lundin Gold presently has a consensus rating of “Buy” and a consensus price target of $14.90.

Shares of FTMNF stock traded up $0.34 during trading hours on Thursday, hitting $8.79. 5,170 shares of the company’s stock were exchanged, compared to its average volume of 6,625. Lundin Gold has a 12-month low of $7.23 and a 12-month high of $11.51. The business’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $8.89.

About Lundin Gold

Lundin Gold, Inc is a natural resource mining company, which engages in the acquisition, exploration, and development of gold, base, and precious metal properties. It focuses on the operation of Fruta del Norte project. The company was founded on July 25, 1986 and is headquartered in Vancouver, Canada.

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