Could LUNDIN GOLD INC Change Direction After Today’s Huge Increase?

 Could LUNDIN GOLD INC Change Direction After Today's Huge Increase?

The stock of LUNDIN GOLD INC (TSE:LUG) is a huge mover today! About 96,186 shares traded hands or 19.55% up from the average. LUNDIN GOLD INC (TSE:LUG) has declined 6.35% since April 8, 2016 and is downtrending. It has underperformed by 11.33% the S&P500.
The move comes after 7 months positive chart setup for the $647.70 million company. It was reported on Nov, 14 by Barchart.com. We have $8.66 PT which if reached, will make TSE:LUG worth $317.37 million 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. Lundin Gold has been the topic of 11 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “” rating by Dundee Securities given on Thursday, August 18. The rating was initiated by Haywood Securities on Tuesday, December 8 with “Buy”. The stock of LUNDIN GOLD INC (TSE:LUG) earned “Outperform” rating by Scotia Capital on Monday, October 17. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, June 7. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, December 10. The stock of LUNDIN GOLD INC (TSE:LUG) has “Speculative Outperform” rating given on Thursday, August 20 by BMO Capital Markets.

More important recent LUNDIN GOLD INC (TSE:LUG) news were published by: Marketwired.com which released: “Lundin Gold Inc. Reports Q3 2016 Results” on November 10, 2016, also Business.Financialpost.com published article titled: “Lundin Gold Inc completes development agreement for Ecuador Fruta del Norte …”, 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) was released by: Business.Financialpost.com and their article: “Lundin family’s loan to Lundin Gold fills short-term funding gap” with publication date: June 09, 2016.

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