Lundin Gold (TSE:LUG) Price Target Raised to C$35.00 at Jefferies Financial Group

Lundin Gold (TSE:LUG - Get Free Report) had its price target hoisted by stock analysts at Jefferies Financial Group from C$29.00 to C$35.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Jefferies Financial Group's target price suggests a potential upside of 12.29% from the company's previous close.

A number of other brokerages have also recently issued reports on LUG. TD Securities lifted their target price on shares of Lundin Gold from C$24.00 to C$27.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. Canaccord Genuity Group upped their target price on Lundin Gold from C$27.50 to C$28.50 in a research note on Tuesday, August 20th. CIBC increased their target price on Lundin Gold from C$28.00 to C$34.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Raymond James cut Lundin Gold from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from C$25.00 to C$29.00 in a report on Monday, September 23rd. Finally, National Bankshares upped their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$27.92.

Lundin Gold Price Performance

TSE LUG traded up C$0.47 during mid-day trading on Friday, hitting C$31.17. The stock had a trading volume of 512,155 shares, compared to its average volume of 271,972. The company has a 50 day simple moving average of C$26.76 and a 200 day simple moving average of C$22.30. The company has a market cap of C$7.48 billion, a price-to-earnings ratio of 24.54 and a beta of 1.23. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$31.72. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28.

Lundin Gold (TSE:LUG - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts' consensus estimates of C$0.62 by C($0.07). The firm had revenue of C$412.43 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Equities analysts forecast that Lundin Gold will post 2.5618964 EPS for the current fiscal year.

Insider Activity

In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total transaction of C$459,913.60. In other Lundin Gold news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total transaction of C$459,913.60. Also, Senior Officer Chester See sold 14,900 shares of Lundin Gold stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Insiders sold a total of 72,840 shares of company stock valued at $2,146,122 in the last 90 days. 58.75% of the stock is currently owned by insiders.

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.