Lundin Gold (LUGDF) Receives a Rating Update from a Top Analyst

RBC Capital analyst Michael Siperco maintained a Hold rating on Lundin Gold on October 7. The company’s shares closed yesterday at $67.36.

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Siperco covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Orla Mining, and IAMGOLD. According to TipRanks, Siperco has an average return of 48.3% and a 73.35% success rate on recommended stocks.

Currently, the analyst consensus on Lundin Gold is a Hold with an average price target of $59.12, which is a -12.23% downside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$78.00 price target.

LUGDF market cap is currently $15.98B and has a P/E ratio of 25.86.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUGDF in relation to earlier this year.