BMO Capital Markets Raises Lundin Gold (TSE:LUG) Price Target to C$115.00

Lundin Gold (TSE:LUG) had its price target raised by research analysts at BMO Capital Markets from C$108.00 to C$115.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 5.43% from the stock’s previous close.

A number of other research firms have also weighed in on LUG. Jefferies Financial Group increased their price objective on Lundin Gold from C$96.00 to C$111.00 in a research note on Monday. CIBC increased their price target on shares of Lundin Gold from C$116.00 to C$123.00 in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their price target on shares of Lundin Gold from C$16.00 to C$28.00 in a report on Friday, October 10th. Raymond James Financial upped their price objective on shares of Lundin Gold from C$65.00 to C$80.00 in a research note on Friday, October 10th. Finally, Canaccord Genuity Group increased their target price on shares of Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lundin Gold has an average rating of “Reduce” and a consensus target price of C$78.04.

Lundin Gold Trading Up 1.4%

LUG opened at C$109.08 on Tuesday. The company has a market cap of C$26.33 billion, a P/E ratio of 38.54 and a beta of 1.19. The business’s 50-day moving average price is C$104.19 and its 200-day moving average price is C$85.73. Lundin Gold has a 12 month low of C$30.04 and a 12 month high of C$119.76.

Lundin Gold (TSE:LUG) last issued its earnings results on Friday, November 7th. The company reported C$0.86 earnings per share for the quarter. The company had revenue of C$622.58 million during the quarter. Lundin Gold had a return on equity of 29.88% and a net margin of 29.56%. Equities research analysts forecast that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.