Trade Report: Today, TD Securities Reiterates “Speculative Buy” Rating for Lundin Gold Inc (LUG)

Today, TD Securities Reiterates “Speculative Buy” Rating for Lundin Gold Inc (LUG)

Lundin Gold Inc (TSE:LUG)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at TD Securities in a research note issued to investors on Wednesday. They currently have a C$8.50 price objective on the stock. TD Securities’ price objective would suggest a potential upside of 65.69% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Scotiabank increased their price objective on shares of Lundin Gold from C$6.50 to C$8.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. CIBC reiterated an “outperform” rating and set a C$7.30 price objective on shares of Lundin Gold in a report on Tuesday, November 1st. Finally, Dundee Securities set a C$7.50 price objective on shares of Lundin Gold in a report on Thursday, August 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$7.40.

Lundin Gold (TSE:LUG) opened at 5.13 on Wednesday. Lundin Gold has a 52-week low of $3.78 and a 52-week high of $6.62. The stock’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.75. The firm’s market capitalization is $608.85 million.

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