Could LUNDIN GOLD INC Lose Strenght? The Stock Increases A Lot Today

 Could LUNDIN GOLD INC Lose Strenght? The Stock Increases A Lot Today

The stock of LUNDIN GOLD INC (TSE:LUG) is a huge mover today! About 130,482 shares traded hands or 35.36% up from the average. LUNDIN GOLD INC (TSE:LUG) has declined 9.20% since April 21, 2016 and is downtrending. It has underperformed by 14.61% the S&P500.
The move comes after 5 months positive chart setup for the $615.98M company. It was reported on Nov, 25 by Barchart.com. We have $5.63 PT which if reached, will make TSE:LUG worth $49.28M 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 22.84% above today’s ($5.21) stock price. Lundin Gold has been the topic of 11 analyst reports since August 20, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 10 report. The firm earned “” rating on Thursday, August 18 by Dundee Securities. BMO Capital Markets initiated it with “Speculative Outperform” rating and $5 target price in Thursday, August 20 report. As per Tuesday, December 8, the company rating was initiated by Haywood Securities. The rating was maintained by Scotia Capital on Monday, October 17 with “Outperform”. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, June 7.

More important recent LUNDIN GOLD INC (TSE:LUG) news were published by: Business.Financialpost.com which released: “Lundin Gold Inc completes development agreement for Ecuador Fruta del Norte …” on January 14, 2016, also Business.Financialpost.com published article titled: “Lundin family’s loan to Lundin Gold fills short-term funding gap”, 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: Theglobeandmail.com and their article: “Lundin Gold seeks funding for Ecuador project” with publication date: June 06, 2016.

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