Lundin Gold Inc. (OTCMKTS:LUGDF) Given Average Rating of “Hold” by Brokerages

Lundin Gold Inc. (OTCMKTS:LUGDF) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating on shares of Lundin Gold in a research report on Tuesday, December 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Lundin Gold in a report on Sunday, December 7th. Scotiabank reissued a “sector perform” rating on shares of Lundin Gold in a report on Thursday, October 23rd. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Gold in a research note on Friday, October 10th.

Lundin Gold Trading Up 2.7%

OTCMKTS LUGDF opened at C$85.12 on Tuesday. Lundin Gold has a 12 month low of C$23.15 and a 12 month high of C$90.00. The company’s 50 day simple moving average is C$80.91 and its 200 day simple moving average is C$67.19.

About Lundin Gold

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.