Lundin Gold (LUG) Given New C$6.00 Price Target at CIBC

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Lundin Gold (TSE:LUG) had its price objective hoisted by equities researchers at CIBC from C$5.50 to C$6.00 in a research report issued to clients and investors on Thursday, September 20th. CIBC’s price objective would suggest a potential upside of 17.88% from the stock’s current price.

Shares of TSE LUG traded up C$0.14 during mid-day trading on Thursday, hitting C$5.09. 46,100 shares of the stock traded hands, compared to its average volume of 57,568. Lundin Gold has a 52 week low of C$4.07 and a 52 week high of C$5.52.

Lundin Gold (TSE:LUG) last released its earnings results on Friday, August 10th. The company reported C$0.12 EPS for the quarter.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 32 mining concessions covering an area of approximately 70,400 hectares located in Southeast Ecuador. It primarily focuses on advancing the Fruta del Norte gold project that comprises four concessions covering an area of approximately 4,900 hectares located near the city of Loja in Ecuador.

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