Shares of Lundin Gold Inc. (TSE:LUG – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.68.
Several equities analysts recently issued reports on the company. Canaccord Genuity Group set a C$15.00 price objective on Lundin Gold and gave the company a “buy” rating in a research report on Monday, November 21st. Cormark boosted their price objective on Lundin Gold from C$13.00 to C$13.50 in a research report on Thursday, December 1st. National Bankshares boosted their price objective on Lundin Gold from C$11.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Friday, December 2nd. Finally, Haywood Securities lowered Lundin Gold from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$12.75 to C$14.00 in a research report on Friday, December 2nd.
Insider Buying and Selling at Lundin Gold
In other news, Senior Officer Nathan Saul Monash sold 22,600 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of C$14.43, for a total transaction of C$326,095.40. Following the sale, the insider now owns 22,000 shares in the company, valued at approximately C$317,438. In other news, Senior Officer Nathan Saul Monash sold 22,600 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of C$14.43, for a total transaction of C$326,095.40. Following the sale, the insider now owns 22,000 shares in the company, valued at approximately C$317,438. Also, insider Lorito Holdings S.à.r.l. acquired 62,700 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were bought at an average price of C$8.80 per share, for a total transaction of C$551,546.82. Following the purchase, the insider now owns 463,700 shares in the company, valued at C$4,078,983.42. In the last quarter, insiders have sold 245,000 shares of company stock worth $3,243,354.
Lundin Gold Price Performance
Lundin Gold stock opened at C$12.40 on Friday. The firm has a market capitalization of C$2.92 billion and a P/E ratio of 12.65. Lundin Gold has a 1 year low of C$7.80 and a 1 year high of C$14.73. The business has a 50-day moving average of C$11.47 and a 200-day moving average of C$10.08. The company has a current ratio of 1.78, a quick ratio of 1.41 and a debt-to-equity ratio of 64.04.
About Lundin Gold
Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.
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