TSX:LSG.DB - Post by User
Post by
rollonon Jan 21, 2016 10:44am
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RatingRBC Capital reiterated their outperform rating on shares of Lake Shore Gold Corp (NYSE:LSG) in a report released on Wednesday morning, AnalystRatings.NET reports. An institutional investor recently raised its position in Lake Shore Gold Corp stock. Acadian Asset Management raised its position in Lake Shore Gold Corp (NYSE:LSG) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 998,330 shares of the companys stock after buying an additional 40,930 shares during the period. Acadian Asset Managements holdings in Lake Shore Gold Corp were worth $805,000 at the end of the most recent reporting period. Shares of Lake Shore Gold Corp (NYSE:LSG) opened at 0.80 on Wednesday. The firms 50-day moving average is $0.81 and its 200 day moving average is $0.84. The firm has a market capitalization of $365.05 million and a PE ratio of 44.44. Lake Shore Gold Corp has a 52 week low of $0.69 and a 52 week high of $1.14. Lake Shore Gold Corp (NYSE:LSG) last issued its earnings results on Thursday, October 29th. The company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). The firm earned $63.05 million during the quarter, compared to analyst estimates of $64.20 million. On average, equities analysts forecast that Lake Shore Gold Corp will post $0.03 earnings per share for the current year. LSG has been the topic of several other research reports. Canaccord Genuity raised shares of Lake Shore Gold Corp from a hold rating to a buy rating in a report on Wednesday, October 21st. Zacks Investment Research raised shares of Lake Shore Gold Corp from a hold rating to a buy rating and set a $1.00 target price on the stock in a report on Thursday, January 14th. Finally, M Partners reaffirmed a buy rating and issued a $2.00 target price on shares of Lake Shore Gold Corp in a report on Friday, December 4th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $1.51. Lake Shore Gold Corp. (NYSE:LSG) is a Canada-based company engaged in the operation, exploration and development of three gold complexes located in the Timmins Gold Camp in Timmins, Ontario. The Company has exploration properties in Quebec. The Company is in commercial production at its Timmins West Mine and Bell Creek Mine. The Company operates through two segments: mining operations, and exploration and advanced exploration. The Mining operations include activities related to the Companys Timmins West Mine, Bell Creek Mine and Bell Creek Mill. The Exploration and advanced exploration include green field exploration. Lake Shore Gold owns 100% of the Timmins West Mine which includes the Timmins Deposit and Thunder Creek Deposit. The Company owns 100% of the Bell Creek Mine and Mill.