Lundin Gold (TSE:LUG – Get Free Report) had its target price lifted by analysts at Veritas Investment Research from C$20.90 to C$28.00 in a research note issued on Friday, BayStreet.CA reports. Veritas Investment Research’s target price indicates a potential upside of 51.84% from the stock’s previous close.
A number of other equities analysts have also commented on LUG. Cormark upgraded shares of Lundin Gold from a “market perform” rating to a “buy” rating and boosted their price target for the company from C$21.00 to C$22.00 in a research report on Friday. Raymond James set a C$17.50 price target on shares of Lundin Gold and gave the company an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group set a C$19.00 price target on shares of Lundin Gold and gave the company a “buy” rating in a research report on Thursday, February 29th. Scotiabank boosted their price target on shares of Lundin Gold from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Thursday, March 28th. Finally, National Bankshares boosted their price target on shares of Lundin Gold from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$20.95.
Read Our Latest Stock Analysis on LUG
Lundin Gold Price Performance
Lundin Gold (TSE:LUG – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. The business had revenue of C$259.63 million for the quarter. As a group, research analysts expect that Lundin Gold will post 1.3629738 EPS for the current fiscal year.
Insider Activity
In related news, Director Ronald F. Hochstein sold 100,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$16.73, for a total value of C$1,673,330.00. 59.46% of the stock is owned by insiders.
Lundin Gold Company Profile
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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