Lake Shore Gold Corp (NYSE:LSG) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,462,270 shares, a growth of 3.1% from the December 31st total of 1,418,425 shares, Market Beat reports. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 401,146 shares, the days-to-cover ratio is presently 3.6 days.

An institutional investor recently raised its position in Lake Shore Gold Corp stock. Acadian Asset Management raised its position in shares of Lake Shore Gold Corp (NYSE:LSG) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 998,330 shares of the company’s stock after buying an additional 40,930 shares during the period. Acadian Asset Management’s holdings in Lake Shore Gold Corp were worth $805,000 as of its most recent filing with the SEC.

Lake Shore Gold Corp (NYSE:LSG) opened at 0.8708 on Friday. The company’s 50-day moving average is $0.83 and its 200-day moving average is $0.84. Lake Shore Gold Corp has a 52-week low of $0.69 and a 52-week high of $1.14. The company has a market capitalization of $397.35 million and a price-to-earnings ratio of 45.8316.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Lake Shore Gold Corp from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Thursday, January 14th. M Partners reissued a “buy” rating and issued a $2.00 price objective on shares of Lake Shore Gold Corp in a research report on Friday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a $1.45 price objective (up from $1.35) on shares of Lake Shore Gold Corp in a research report on Saturday, October 31st. Finally, RBC Capital reissued an “outperform” rating on shares of Lake Shore Gold Corp in a research report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target 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 Company’s 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.

12 Month Chart for NYSE:LSG

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