Lundin Gold (TSE:LUG) PT Raised to C$23.00 at Jefferies Financial Group

Lundin Gold (TSE:LUG) had its target price raised by investment analysts at Jefferies Financial Group from C$19.00 to C$23.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 21.05% from the company’s current price.

Other research analysts also recently issued reports about the company. Veritas Investment Research upped their price target on Lundin Gold from C$20.90 to C$28.00 in a report on Friday, April 12th. Scotiabank raised their price objective on Lundin Gold from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 28th. National Bankshares lifted their target price on Lundin Gold from C$24.50 to C$24.75 in a research note on Friday, April 19th. Raymond James set a C$17.50 target price on Lundin Gold and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Cormark lifted their target price on Lundin Gold from C$22.00 to C$23.00 in a research note on Friday, April 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.25.

Lundin Gold Trading Up 0.5 %

Shares of TSE:LUG opened at C$19.00 on Monday. The company has a market cap of C$4.52 billion, a P/E ratio of 18.57 and a beta of 1.10. The company has a debt-to-equity ratio of 31.98, a current ratio of 2.86 and a quick ratio of 1.41. Lundin Gold has a 1 year low of C$14.23 and a 1 year high of C$20.36. The stock’s fifty day moving average price is C$17.61 and its 200-day moving average price is C$16.63.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The business had revenue of C$259.63 million for the quarter. Lundin Gold had a net margin of 19.88% and a return on equity of 19.85%. Sell-side analysts expect that Lundin Gold will post 1.3629738 earnings per share for the current year.

Insider Activity

In other news, Director Ronald F. Hochstein sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$16.73, for a total transaction of C$1,673,330.00. Corporate insiders own 59.46% of the company’s stock.

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.