Lundin Gold (TSE:LUG) Stock Rating Upgraded by Desjardins

Lundin Gold (TSE:LUG - Get Free Report) was upgraded by research analysts at Desjardins to a "moderate buy" rating in a report released on Thursday, Zacks.com reports.

Other analysts have also issued reports about the company. TD Securities lifted their price target on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Scotiabank lifted their price target on Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. Raymond James lowered Lundin Gold from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from C$25.00 to C$29.00 in a research note on Monday, September 23rd. Cormark lifted their price target on Lundin Gold from C$27.00 to C$32.00 and gave the stock a "hold" rating in a research note on Thursday, October 10th. Finally, National Bankshares lifted their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Four 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$29.42.

Lundin Gold Price Performance

LUG traded down C$0.31 during trading on Thursday, hitting C$33.36. The company's stock had a trading volume of 180,901 shares, compared to its average volume of 272,461. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. Lundin Gold has a twelve month low of C$14.23 and a twelve month high of C$35.89. The business's fifty day simple moving average is C$30.32 and its 200 day simple moving average is C$24.34. The firm has a market capitalization of C$8.01 billion, a price-to-earnings ratio of 25.86 and a beta of 1.23.

Lundin Gold (TSE:LUG - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.07). The business 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%. On average, equities research analysts forecast that Lundin Gold will post 2.5603448 EPS for the current fiscal year.

Insider Activity at Lundin Gold

In related news, Senior Officer Terrence Smith sold 25,740 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total value of C$759,826.78. In related news, Senior Officer Terrence Smith sold 25,740 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the business's stock in a transaction 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. In the last 90 days, insiders have sold 72,840 shares of company stock worth $2,146,122. 58.72% of the stock is currently owned by company 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.