Jefferies Financial Group Raises Lundin Gold (TSE:LUG) Price Target to C$37.00

Lundin Gold (TSE:LUG - Get Free Report) had its price objective raised by Jefferies Financial Group from C$35.00 to C$37.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 11.58% from the stock's current price.

LUG has been the topic of several other research reports. Royal Bank of Canada lifted their target price on shares of Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. Raymond James downgraded shares of Lundin Gold from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from C$25.00 to C$29.00 in a report on Monday, September 23rd. National Bank Financial upgraded shares of Lundin Gold from a "hold" rating to a "strong-buy" rating in a report on Sunday, July 7th. Canaccord Genuity Group lifted their target price on shares of Lundin Gold from C$27.50 to C$28.50 in a report on Tuesday, August 20th. Finally, Cormark boosted their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the stock a "hold" rating in a report on Thursday, October 10th. Three equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$28.50.

Lundin Gold Stock Up 1.0 %

Shares of Lundin Gold stock traded up C$0.32 during midday trading on Thursday, reaching C$33.16. 307,578 shares of the company's stock traded hands, compared to its average volume of 273,629. The company has a market cap of C$7.96 billion, a price-to-earnings ratio of 25.64 and a beta of 1.23. The company's 50 day simple moving average is C$28.17 and its 200 day simple moving average is C$23.12. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$33.76.

Lundin Gold (TSE:LUG - Get Free Report) last released 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 business had revenue of C$412.43 million for the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Equities analysts expect that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Insider Activity

In other Lundin Gold news, Senior Officer Terrence Smith sold 25,740 shares of the firm's 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 transaction of C$759,826.78. In related news, Senior Officer Terrence Smith sold 25,740 shares of Lundin Gold stock in a transaction 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. Also, Director Ronald F. Hochstein sold 16,200 shares of Lundin Gold stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. In the last three months, insiders have sold 72,840 shares of company stock worth $2,146,122. Corporate insiders own 58.72% of the company's stock.

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.