Lundin Gold (TSE:LUG) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Lundin Gold (TSE:LUG - Get Free Report) had its price objective upped by investment analysts at Royal Bank of Canada from C$27.00 to C$31.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada's price objective indicates a potential downside of 10.51% from the stock's previous close.

Several other brokerages have also recently weighed in on LUG. Scotiabank lifted their price target on Lundin Gold from C$25.50 to C$31.50 in a research report on Thursday, November 21st. TD Securities raised their price objective on shares of Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Canaccord Genuity Group cut shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. CIBC raised their price target on shares of Lundin Gold from C$34.00 to C$41.00 in a research report on Monday, December 2nd. Finally, Raymond James downgraded shares of Lundin Gold from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lundin Gold currently has a consensus rating of "Moderate Buy" and an average target price of C$30.83.

Lundin Gold Stock Performance

TSE:LUG traded down C$0.11 during midday trading on Friday, hitting C$34.64. The company's stock had a trading volume of 217,256 shares, compared to its average volume of 276,469. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a market cap of C$8.31 billion, a P/E ratio of 26.85 and a beta of 1.23. The firm's 50 day moving average is C$32.46 and its 200-day moving average is C$26.64.

Lundin Gold (TSE:LUG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, topping analysts' consensus estimates of C$0.60 by C$0.16. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. The firm had revenue of C$440.77 million for the quarter. Equities analysts anticipate that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Insider Transactions at Lundin Gold

In other news, Senior Officer Chester See sold 14,900 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Terrence Smith sold 25,740 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$29.52, for a total value of C$759,826.78. Insiders sold 72,840 shares of company stock valued at $2,146,122 over the last 90 days. 58.72% of the stock is currently owned by corporate insiders.

About Lundin Gold

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.