Lundin Gold (TSE:LUG) Rating Lowered to Hold at Jefferies Financial Group

Lundin Gold (TSE:LUG) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$36.00 price objective on the stock, down from their previous price objective of C$37.00. Jefferies Financial Group’s price objective would suggest a potential upside of 12.78% from the company’s previous close.

LUG has been the topic of several other research reports. Scotiabank cut their price objective on Lundin Gold from C$31.50 to C$30.00 in a report on Tuesday. Cormark lifted their price target on Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research note on Thursday, October 10th. BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday. 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 research report on Monday, September 23rd. Finally, Desjardins raised shares of Lundin Gold to a “moderate buy” rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$30.63.

Lundin Gold Trading Down 3.2 %

LUG opened at C$31.92 on Wednesday. The company has a market cap of C$7.66 billion, a P/E ratio of 24.74 and a beta of 1.23. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The company’s 50 day moving average is C$32.79 and its 200-day moving average is C$27.03. Lundin Gold has a 1-year low of C$14.23 and a 1-year high of C$35.89.

Lundin Gold (TSE:LUG) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.60 by C$0.16. The business had revenue of C$440.77 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%. Equities research analysts predict that Lundin Gold will post 2.5603448 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction that occurred 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. Also, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction that occurred 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. Insiders sold 56,840 shares of company stock valued at $1,686,209 over the last quarter. Insiders own 58.72% 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.