CIBC Boosts Lundin Gold (TSE:LUG) Price Target to C$41.00

Lundin Gold (TSE:LUG) had its target price hoisted by research analysts at CIBC from C$34.00 to C$41.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 26.04% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group downgraded Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank upped their price objective on Lundin Gold from C$25.50 to C$31.50 in a research note on Thursday, November 21st. Jefferies Financial Group upped their price objective on Lundin Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. National Bankshares upped their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, Raymond James cut 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 note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$30.50.

Lundin Gold Stock Down 0.1 %

Shares of LUG traded down C$0.03 on Monday, hitting C$32.53. The company’s stock had a trading volume of 130,082 shares, compared to its average volume of 275,081. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. The firm’s fifty day moving average price is C$32.00 and its 200-day moving average price is C$26.19. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The firm has a market capitalization of C$7.81 billion, a price-to-earnings ratio of 25.22 and a beta of 1.23.

Lundin Gold (TSE:LUG) last released its quarterly earnings results 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 return on equity of 22.88% and a net margin of 24.30%. The firm had revenue of C$440.77 million during the quarter. On average, equities research analysts expect that Lundin Gold will post 2.5603448 EPS for the current year.

Insider Transactions at Lundin Gold

In other news, Senior Officer Chester See sold 14,900 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total value of C$477,891.90. In the last three months, insiders have sold 72,840 shares of company stock valued at $2,146,122. 58.72% of the stock is 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.