Lundin Gold Inc. (OTCMKTS:LUGDF) Receives Consensus Rating of “Hold” from Brokerages

Lundin Gold Inc. (OTCMKTS:LUGDF) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Separately, UBS Group started coverage on Lundin Gold in a research report on Thursday, May 28th. They set a “buy” rating on the stock.

Lundin Gold Trading Up 2.2%

LUGDF opened at C$56.12 on Friday. The stock has a 50-day moving average of C$58.29 and a 200 day moving average of C$72.17. Lundin Gold has a 12 month low of C$45.49 and a 12 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.