Price Targets for Lumina Gold Corp. Raised on Heels of Positive PEA

Post the release of Lumina Gold Corp.’s updated PEA on June 9th, 2020, (Link), Haywood Securities and Fundamental Research updated their price targets for Lumina Gold and maintained their Buy ratings. Raymond James issued their initiating coverage report on June 24th with a Buy rating. Links to the reports and a summary can be found below.

Recommendation: Buy
Price Target: C$1.80
NAVPS: C$2.34 (8% discount rate)
Link to Report

Recommendation: Buy
Price Target: C$1.60
NAVPS: US$2.26 (5% discount rate)
Link to Report

Recommendation: Buy
Price Target: C$1.35
NAVPS: C$1.35 (11.5% discount rate)
Link to Report