National Bankshares Raises Lundin Gold (TSE:LUG) Price Target to C$32.00

Lundin Gold (TSE:LUG) had its price objective lifted by investment analysts at National Bankshares from C$30.75 to C$32.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 29.14% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Desjardins raised Lundin Gold to a “moderate buy” rating in a research note on Friday, May 10th. Raymond James increased their target price on Lundin Gold from C$21.00 to C$25.00 in a research note on Wednesday, July 31st. TD Securities raised their price objective on 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 raised their target price on Lundin Gold from C$25.00 to C$27.50 in a research report on Tuesday, July 23rd. Finally, CIBC raised their target price on Lundin Gold from C$22.00 to C$25.00 in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lundin Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$25.17.

Lundin Gold Price Performance

Shares of Lundin Gold stock traded down C$0.09 during trading on Wednesday, hitting C$24.78. The stock had a trading volume of 213,338 shares, compared to its average volume of 245,985. The company has a debt-to-equity ratio of 33.65, a current ratio of 1.98 and a quick ratio of 1.41. The firm has a market cap of C$5.94 billion, a P/E ratio of 19.34 and a beta of 1.14. The business has a fifty day moving average of C$21.57 and a two-hundred day moving average of C$19.31. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$25.39.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Chester See sold 30,100 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$20.27, for a total transaction of C$610,253.42. Insiders own 58.83% 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.