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

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation.

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

Lundin Gold Trading Up 1.3%

LUGDF opened at C$83.28 on Friday. The business’s 50-day simple moving average is C$76.17 and its 200 day simple moving average is C$63.19. Lundin Gold has a 52-week low of C$20.50 and a 52-week high of C$85.44.

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.