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Lundin Gold stock price target raised to C$104 by BMO on production

Published 09/10/2025, 14:48
Lundin Gold stock price target raised to C$104 by BMO on production
GC
0.14%
LUG
-2.90%

Investing.com - BMO Capital raised its price target on Lundin Gold Inc. (TSX:LUG) (OTC:FTMNF) to C$104.00 from C$93.00 while maintaining a Market Perform rating.

The price target increase follows Lundin Gold’s pre-released third-quarter 2025 gold production of approximately 122,000 ounces, which aligned with BMO’s estimate of 120,000 ounces and the consensus forecast of 121,000 ounces.

Lundin Gold has reaffirmed its 2025 annual production guidance of 490,000 to 525,000 ounces of gold, with year-to-date production representing approximately 75% of the midpoint target.

BMO Capital believes the company is well-positioned to meet the midpoint of its annual guidance based on current production rates.

The investment firm suggests investors should continue to focus on near-mine exploration results as a key factor for the company’s future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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