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

Lundin Gold (TSE:LUG) had its target price hoisted by Jefferies Financial Group from C$29.00 to C$35.00 in a research note issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 12.29% from the stock’s previous close.

LUG has been the topic of several other reports. Canaccord Genuity Group upped their price target on shares of Lundin Gold from C$27.50 to C$28.50 in a research report on Tuesday, August 20th. Scotiabank upped their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. CIBC raised their target price on shares of Lundin Gold from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Royal Bank of Canada upped their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research note on Tuesday, September 10th. Finally, National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.92.

Lundin Gold Stock Up 1.5 %

LUG stock opened at C$31.17 on Friday. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market capitalization of C$7.48 billion, a P/E ratio of 24.54 and a beta of 1.23. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$31.72. The business has a 50-day moving average of C$26.93 and a 200-day moving average of C$22.43.

Lundin Gold (TSE:LUG) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The business had revenue of C$412.43 million for the quarter. On average, sell-side analysts anticipate that Lundin Gold will post 2.5618964 earnings per share for the current fiscal year.

Insider Buying and Selling at Lundin Gold

In related news, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total value of C$477,891.90. In other Lundin Gold news, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$29.50, for a total transaction of C$477,891.90. Also, Senior Officer Terrence Smith sold 25,740 shares of the business’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. Insiders sold 72,840 shares of company stock valued at $2,146,122 in the last three months. Corporate insiders own 58.75% of the company’s stock.

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.