Lundin Gold resumed with a Sector Perform at Scotiabank

Scotiabank analyst Ovais Habib resumed coverage of Lundin Gold with a Sector Perform rating and C$19 price target. The Canadian-based miner is “an excellent operator” that has consistently generated strong margins and cash flow since achieving commercial production, the analyst tells investors. Lundin plans to continue to use its annual free cash flow to pursue growth opportunities, return capital to shareholders and aggressively eliminate debt, the analyst added.