RBC Capital analyst Josh Wolfson maintained a Hold rating on Lundin Gold on July 8 and set a price target of C$98.00. The company’s shares closed yesterday at C$76.73.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Wolfson is a 5-star analyst with an average return of 18.5% and a 58.06% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and Agnico Eagle.
In addition to RBC Capital, Lundin Gold also received a Hold from Jefferies’s Fahad Tariq in a report issued on July 5. However, on June 30, UBS maintained a Buy rating on Lundin Gold (Other OTC: LUGDF).
Based on Lundin Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$567.38 million and a net profit of C$273.33 million. In comparison, last year the company earned a revenue of C$356.35 million and had a net profit of C$153.5 million
