What’s Ahead for LUNDIN GOLD INC After Today’s Huge Increase?

 What's Ahead for LUNDIN GOLD INC After Today's Huge Increase?

The stock of LUNDIN GOLD INC (TSE:LUG) is a huge mover today! About 96,425 shares traded hands or 20.28% up from the average. LUNDIN GOLD INC (TSE:LUG) has risen 35.01% since March 29, 2016 and is uptrending. It has outperformed by 32.49% the S&P500.
The move comes after 5 months positive chart setup for the $731.92 million company. It was reported on Nov, 2 by Barchart.com. We have $8.21 PT which if reached, will make TSE:LUG worth $256.17M more.

LUNDIN GOLD INC (TSE:LUG) Ratings Coverage

Out of 4 analysts covering Lundin Gold (TSE:LUG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $8 is the highest target while $5 is the lowest. The $6.40 average target is 5.26% above today’s ($6.08) stock price. Lundin Gold has been the topic of 11 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, October 17 by Scotia Capital. As per Tuesday, December 8, the company rating was initiated by Haywood Securities. Dundee Securities maintained it with “” rating and $7.50 target price in Thursday, August 18 report. On Thursday, December 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, June 7. The firm has “Speculative Outperform” rating by BMO Capital Markets given on Thursday, August 20.

More notable recent LUNDIN GOLD INC (TSE:LUG) news were published by: Globenewswire.com which released: “LUNDIN GOLD INC. REPORTS Q2 2016 RESULTS” on July 29, 2016, also Business.Financialpost.com with their article: “Lundin Gold Inc completes development agreement for Ecuador Fruta del Norte …” published on January 14, 2016, Marketwired.com published: “Lundin Gold Inc. Announces $82.5M Bought Deal Financing” on June 27, 2016. More interesting news about LUNDIN GOLD INC (TSE:LUG) were released by: Business.Financialpost.com and their article: “Lundin family’s loan to Lundin Gold fills short-term funding gap” published on June 09, 2016 as well as Theglobeandmail.com‘s news article titled: “Lundin Gold seeks funding for Ecuador project” with publication date: June 06, 2016.

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