Lundin Gold (TSE:LUG - Get Free Report) was downgraded by research analysts at Cormark from a "moderate buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.
Other equities research analysts also recently issued research reports about the company. Cibc World Mkts downgraded Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Scotiabank boosted their price target on shares of Lundin Gold from C$30.00 to C$31.50 in a research note on Wednesday, January 15th. CIBC raised their price objective on shares of Lundin Gold from C$44.00 to C$46.00 in a research note on Thursday, April 17th. Jefferies Financial Group upped their target price on shares of Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. Finally, Raymond James raised their price target on shares of Lundin Gold from C$32.00 to C$43.00 in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lundin Gold presently has an average rating of "Hold" and a consensus price target of C$42.20.
Check Out Our Latest Report on LUG
Lundin Gold Stock Performance
Lundin Gold stock opened at C$58.48 on Tuesday. The company has a market capitalization of C$9.98 billion, a PE ratio of 32.83 and a beta of 1.23. Lundin Gold has a fifty-two week low of C$18.14 and a fifty-two week high of C$60.35. The firm has a 50 day moving average price of C$43.90 and a 200 day moving average price of C$37.04.
Insiders Place Their Bets
In other news, Senior Officer Chester See sold 5,800 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$40.92, for a total transaction of C$237,321.50. Also, Director Ian Gibbs sold 14,200 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$41.40, for a total transaction of C$587,880.00. Insiders sold 133,150 shares of company stock valued at $5,499,984 in the last ninety days. Insiders own 58.72% of the company's stock.
About Lundin Gold
(
Get Free Report)
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.
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