CIBC Maintains Outperform on Lundin Gold, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Bryce Adams maintains an Outperform rating on Lundin Gold (OTC:LUGDF) and raises the price target from C$20 to C$21.
June 08, 2023 | 5:08 pm
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POSITIVE IMPACT
CIBC analyst Bryce Adams maintains an Outperform rating on Lundin Gold and raises the price target from C$20 to C$21.
The news of CIBC maintaining an Outperform rating and raising the price target for Lundin Gold (OTC:LUGDF) is positive for the stock. This indicates that the analyst believes the stock will outperform the market and has increased confidence in the company's future performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100