CIBC Sticks to Its Hold Rating for Lundin Gold (LUG)

Lundin Gold (LUGResearch Report), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from CIBC’s analyst Bryce Adams, with a C$7 price target.

According to TipRanks.com, Adams is ranked #3157 out of 5244 analysts.

Currently, the analyst consensus on Lundin Gold is a Moderate Buy with an average price target of C$8.17.

The company has a one-year high of C$6.79 and a one-year low of C$4.42. Currently, Lundin Gold has an average volume of 71.2K.

Lundin Gold, Inc. is a natural resource mining company, which engages in the acquisition, exploration, and development of gold, base, and precious metal properties. It focuses on the operation of Fruta del Norte project. The company was founded on July 25, 1986 and is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$6.65, close to its 52-week high of C$6.79.