TD Securities Increases Lundin Gold (TSE:LUG) Price Target to C$114.00

Lundin Gold (TSE:LUG) had its target price raised by investment analysts at TD Securities from C$95.00 to C$114.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential downside of 5.72% from the stock’s previous close.

A number of other brokerages also recently issued reports on LUG. Jefferies Financial Group upped their price target on Lundin Gold from C$96.00 to C$111.00 in a research report on Monday, December 8th. Canaccord Genuity Group upped their target price on Lundin Gold from C$103.00 to C$108.00 in a research report on Wednesday, November 12th. Cormark raised their price target on Lundin Gold from C$100.00 to C$115.00 in a report on Wednesday, January 14th. BMO Capital Markets boosted their price target on Lundin Gold from C$118.00 to C$125.00 in a research note on Tuesday, January 13th. Finally, CIBC upped their price objective on shares of Lundin Gold from C$116.00 to C$123.00 in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Gold has an average rating of “Reduce” and a consensus price target of C$92.45.

Lundin Gold Price Performance

Shares of TSE LUG opened at C$120.92 on Thursday. Lundin Gold has a 1-year low of C$34.07 and a 1-year high of C$124.13. The business has a fifty day moving average price of C$114.77 and a 200 day moving average price of C$95.86. The stock has a market capitalization of C$29.19 billion, a P/E ratio of 42.73 and a beta of 1.21.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.86 EPS for the quarter. The business had revenue of C$622.58 million during the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. As a group, equities research analysts anticipate 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.