Lundin Gold (TSE:LUG) Given New C$108.00 Price Target at BMO Capital Markets

Lundin Gold (TSE:LUG) had its price target boosted by BMO Capital Markets from C$104.00 to C$108.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential downside of 0.72% from the company’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group upped their target price on Lundin Gold from C$82.00 to C$97.00 in a report on Friday, October 17th. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$60.00 to C$78.00 in a research note on Thursday, October 2nd. CIBC upped their price target on shares of Lundin Gold from C$85.00 to C$116.00 in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their price target on Lundin Gold from C$16.00 to C$28.00 in a report on Friday, October 10th. Finally, TD Securities downgraded Lundin Gold from a “strong-buy” rating to a “hold” rating and boosted their price objective for the company from C$65.00 to C$73.00 in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Gold presently has a consensus rating of “Reduce” and a consensus price target of C$73.21.

Lundin Gold Price Performance

TSE LUG traded up C$7.05 during trading hours on Monday, reaching C$108.78. The company’s stock had a trading volume of 906,969 shares, compared to its average volume of 812,649. The firm has a fifty day simple moving average of C$93.70 and a 200-day simple moving average of C$77.25. Lundin Gold has a 52 week low of C$29.42 and a 52 week high of C$116.20. The stock has a market cap of C$26.26 billion, a P/E ratio of 42.83 and a beta of 1.35.

Insider Buying and Selling

In other news, insider Chester See sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$83.30, for a total transaction of C$1,666,000.00. Following the completion of the sale, the insider owned 132,571 shares in the company, valued at C$11,043,164.30. The trade was a 13.11% decrease in their ownership of the stock. Also, insider Sheila Margaret Colman sold 14,600 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$81.49, for a total value of C$1,189,754.00. Following the completion of the transaction, the insider owned 37,068 shares in the company, valued at approximately C$3,020,671.32. This represents a 28.26% decrease in their ownership of the stock. Company insiders own 58.72% of the company’s stock.

About Lundin Gold

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.