RBC Capital analyst Wayne Lam initiated coverage of Lundin Gold with a Sector Perform rating and C$19 price target. The analyst views Fruta del Norte as a “world-class asset,” but is cautious on Lundin’s premium multiple and widened spread versus peers along with elevated geopolitical risk.
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- Lundin Gold price target raised to C$21 from C$20.50 at National Bank
- Lundin Gold resumed with a Sector Perform at Scotiabank
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