CIBC Keeps Their Hold Rating on Lundin Gold (LUG)


Lundin Gold (TSX: LUG), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst David Haughton from CIBC reiterated a Hold rating, with a C$6 price target.

Haughton has an average return of 4.4% when recommending Lundin Gold.

According to TipRanks.com, Haughton is ranked #4071 out of 4847 analysts.

Read also: Crude Oil: Sell Now, Buy Later

Lundin Gold has an analyst consensus of Hold, with a price target consensus of C$6.

Lundin Gold’s market cap is currently C$999.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.35.

Lundin Gold, Inc. is a natural resource mining company, which engages in the acquisition, exploration, and development of gold, base, and precious metal properties. It focuses on the operation of Fruta del Norte project. The company was founded on July 25, 1986 and is headquartered in Vancouver, Canada.

The company’s shares closed on Tuesday at C$4.71.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts