Lundin Gold (TSE:LUG) PT Raised to C$13.50 at National Bankshares

Lundin Gold (TSE:LUG) had its target price boosted by research analysts at National Bankshares from C$13.25 to C$13.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 22.06% from the company’s previous close.

LUG has been the topic of a number of other research reports. National Bank Financial raised their target price on shares of Lundin Gold to C$13.50 and gave the company a “sector perform” rating in a research note on Thursday. Desjardins raised shares of Lundin Gold from a “hold” rating to a “buy” rating in a research note on Thursday, July 22nd. TD Securities raised their target price on shares of Lundin Gold to C$15.50 and gave the company a “buy” rating in a research note on Thursday, August 12th. Finally, CIBC reissued a “buy” rating and issued a C$15.00 target price on shares of Lundin Gold in a research note on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$14.91.

TSE:LUG traded up C$0.12 during trading hours on Thursday, reaching C$11.06. 114,688 shares of the company were exchanged, compared to its average volume of 282,515. The company has a debt-to-equity ratio of 105.58, a current ratio of 1.37 and a quick ratio of 1.01. The firm has a market cap of C$2.58 billion and a price-to-earnings ratio of 12.55. Lundin Gold has a 52-week low of C$9.11 and a 52-week high of C$12.93. The stock has a 50 day simple moving average of C$10.69 and a 200 day simple moving average of C$11.05.

Lundin Gold (TSE:LUG) last posted its quarterly earnings results on Wednesday, August 11th. The company reported C$0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.34 by C$0.05. The company had revenue of C$172.00 million for the quarter. On average, analysts predict that Lundin Gold will post 1.2500002 EPS for the current fiscal year.

In related news, Director Pablo Mir sold 110,000 shares of Lundin Gold stock in a transaction on Friday, August 13th. The shares were sold at an average price of C$11.51, for a total transaction of C$1,265,605.00.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 29 metallic mineral concessions and three materials concessions covering an area of approximately 64,609 hectares located in Southeast Ecuador. It primary holds interests in the Fruta del Norte gold project that comprises seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.

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Analyst Recommendations for Lundin Gold (TSE:LUG)

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