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

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating.

A number of research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lundin Gold in a research note on Sunday, December 7th. BMO Capital Markets reissued a “market perform” rating on shares of Lundin Gold in a research report on Tuesday, January 13th. Finally, Scotiabank restated a “sector perform” rating on shares of Lundin Gold in a report on Monday, January 26th.

Lundin Gold Trading Down 4.8%

OTCMKTS LUGDF opened at C$68.19 on Friday. The business’s 50-day moving average price is C$82.39 and its 200 day moving average price is C$77.16. Lundin Gold has a twelve month low of C$28.54 and a twelve month high of C$95.47.

Lundin Gold Company Profile

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.