Lundin Gold (TSE:LUG) Price Target Increased to C$9.00 by Analysts at Eight Capital

Lundin Gold (TSE:LUG) had its price target boosted by Eight Capital from C$6.25 to C$9.00 in a research note released on Thursday, BayStreet.CA reports.

Several other research firms have also commented on LUG. CIBC raised their price target on shares of Lundin Gold from C$6.00 to C$7.00 in a research report on Monday, July 15th. TD Securities lifted their target price on shares of Lundin Gold from C$8.00 to C$9.00 and gave the company a speculative buy rating in a research report on Tuesday, June 25th.

LUG stock traded down C$0.13 during midday trading on Thursday, hitting C$8.17. 81,552 shares of the stock traded hands, compared to its average volume of 107,239. The firm has a market capitalization of $1.76 billion and a price-to-earnings ratio of -413.50. The company has a debt-to-equity ratio of 63.28, a quick ratio of 1.45 and a current ratio of 2.05. The company’s fifty day moving average is C$7.17. Lundin Gold has a 1-year low of C$4.42 and a 1-year high of C$8.40.

Lundin Gold (TSE:LUG) last released its quarterly earnings results on Friday, May 10th. The company reported C($0.05) EPS for the quarter. Sell-side analysts anticipate that Lundin Gold will post 0.19 EPS for the current year.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 30 mining concessions covering an area of approximately 64,406 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises 6 concessions covering an area of approximately 5,039 hectares located near the city of Loja in Ecuador.

Further Reading: What is the return on assets (ROA) ratio?

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