Luna Gold LGCUD

Luna Gold Price Target Lowered...

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Haywood Securities reduced their target price on shares of Luna Gold (CVE:LGC) from C$1.05 to C$0.85 in a research note issued on Wednesday. The firm currently has a “sell” rating on the stock. Haywood Securities’ price objective points to a potential downside of 72.31% from the company’s current price.

Shares of Luna Gold (CVE:LGC) traded down 1.02% during mid-day trading on Wednesday, hitting $0.97. The stock had a trading volume of 369,482 shares. Luna Gold has a one year low of $0.92 and a one year high of $1.97. The stock has a 50-day moving average of $1.14 and a 200-day moving average of $1.16. The company has a market cap of $118.3 million and a price-to-earnings ratio of 6.13.

A number of other firms have also recently commented on LGC. Analysts at National Bank Financial cut their price target on shares of Luna Gold from C$1.50 to C$0.75 in a research note on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at NBF downgraded shares of Luna Gold to an “underperform” rating in a research note on Wednesday. They now have a C$0.75 price target on the stock, down previously from C$1.50. Finally, analysts at Canaccord Genuity downgraded shares of Luna Gold from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a C$1.00 price target on the stock, down previously from C$1.60. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$1.18.