Lundin Gold Inc. (OTCMKTS:LUGDF) Given Average Rating of “Hold” by Analysts

Shares of Lundin Gold Inc. (OTCMKTS:LUGDF) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Separately, UBS Group started coverage on shares of Lundin Gold in a report on Thursday. They issued a “buy” rating for the company.

Lundin Gold Stock Down 4.7%

OTCMKTS:LUGDF opened at C$60.92 on Thursday. Lundin Gold has a 1-year low of C$45.49 and a 1-year high of C$95.47. The company has a 50-day moving average of C$72.75 and a 200 day moving average of C$78.95.

About Lundin Gold

Lundin Gold Inc is a Vancouver-based gold mining company focused on the acquisition, exploration, development and operation of gold properties in South America. The company’s flagship asset is the Fruta del Norte underground gold mine, located in the province of Zamora-Chinchipe in southeast Ecuador. Commencing commercial production in mid-2021, Fruta del Norte combines high-grade epithermal vein mineralization with a modern processing facility to produce gold doré bars for sale on international markets.

Historically, the Fruta del Norte deposit was first identified in 2006 and later became the cornerstone of Lundin Gold through corporate restructuring that established the company as an independent public entity in 2019.