Lundin Gold (OTCMKTS:LUGDF) Trading Down 2.1% – What’s Next?

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) traded down 2.1% during mid-day trading on Thursday . The company traded as low as C$67.36 and last traded at C$68.01. 105,524 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 50,616 shares. The stock had previously closed at C$69.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank reiterated a “sector perform” rating on shares of Lundin Gold in a research report on Monday, January 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Lundin Gold in a research report on Tuesday, January 13th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Lundin Gold Price Performance

The stock has a 50-day moving average of C$78.33 and a two-hundred day moving average of C$79.35.

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.