Lundin Gold Inc. (OTCMKTS:LUGDF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating.

LUGDF has been the topic of several analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Lundin Gold in a research note on Tuesday, January 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Lundin Gold in a report on Monday, January 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lundin Gold in a research report on Sunday, December 7th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Gold in a research note on Friday, October 10th.

Lundin Gold Trading Down 1.5%

Shares of LUGDF opened at C$76.99 on Friday. Lundin Gold has a 52 week low of C$26.10 and a 52 week high of C$92.26. The stock has a 50 day moving average of C$83.14 and a 200-day moving average of C$71.05.

About Lundin Gold

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.