Lundin Gold (OTCMKTS:FTMNF) Price Target Cut to C$12.00

Lundin Gold (OTCMKTS:FTMNF) had its price objective lowered by Scotiabank from C$13.00 to C$12.00 in a research report sent to investors on Tuesday morning, The Fly reports.

Several other equities research analysts also recently weighed in on the stock. National Bank Financial decreased their target price on shares of Lundin Gold from C$13.50 to C$13.00 in a research note on Friday, January 7th. National Bankshares increased their target price on shares of Lundin Gold from C$13.75 to C$15.00 and gave the stock a sector perform rating in a research note on Thursday, November 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $14.42.

Shares of FTMNF opened at $7.58 on Tuesday. Lundin Gold has a fifty-two week low of $6.93 and a fifty-two week high of $11.51. The firm has a 50-day simple moving average of $8.11 and a 200-day simple moving average of $8.42.

About Lundin Gold

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.

See Also: Moving Average Convergence Divergence (MACD)

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