BMO Capital Markets Issues Positive Forecast for Lundin Gold (TSE:LUG) Stock Price

Lundin Gold (TSE:LUG) had its price objective hoisted by research analysts at BMO Capital Markets from C$118.00 to C$125.00 in a report released on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 1.91% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Lundin Gold from C$16.00 to C$28.00 in a research note on Friday, October 10th. CIBC raised their price target on shares of Lundin Gold from C$116.00 to C$123.00 in a research report on Thursday, November 13th. Raymond James Financial raised their target price on Lundin Gold from C$65.00 to C$80.00 in a research report on Friday, October 10th. Canaccord Genuity Group increased their price objective on Lundin Gold from C$103.00 to C$108.00 in a report on Wednesday, November 12th. Finally, Jefferies Financial Group lifted their target price on shares of Lundin Gold from C$96.00 to C$111.00 in a research note on Monday, December 8th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of C$78.88.

Lundin Gold Trading Up 4.0%

Lundin Gold stock traded up C$4.68 during midday trading on Tuesday, reaching C$122.66. The company’s stock had a trading volume of 490,211 shares, compared to its average volume of 509,628. The business has a 50-day moving average price of C$112.41 and a 200-day moving average price of C$93.16. The stock has a market cap of C$29.61 billion, a PE ratio of 43.34 and a beta of 1.21. Lundin Gold has a 52 week low of C$33.34 and a 52 week high of C$124.04.

Lundin Gold (TSE:LUG) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$622.58 million during the quarter. Lundin Gold had a net margin of 29.56% and a return on equity of 29.88%. As a group, research analysts predict that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Lundin Gold Company Profile

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.