Lundin Gold (TSE:LUG) Downgraded by Cormark to Hold

Lundin Gold (TSE:LUG) was downgraded by Cormark from a “moderate buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports. Cormark also issued estimates for Lundin Gold’s FY2025 earnings at $2.39 EPS.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets downgraded Lundin Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their price target on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. CIBC boosted their price objective on shares of Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Scotiabank upped their price objective on shares of Lundin Gold from C$30.00 to C$31.50 in a report on Wednesday, January 15th. Finally, Desjardins lifted their target price on shares of Lundin Gold from C$38.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$34.45.

Lundin Gold Price Performance

TSE LUG opened at C$39.67 on Thursday. Lundin Gold has a fifty-two week low of C$15.12 and a fifty-two week high of C$41.28. The stock’s 50-day moving average is C$34.55 and its two-hundred day moving average is C$31.71. The firm has a market cap of C$6.77 billion, a P/E ratio of 22.27 and a beta of 1.23.

Insider Buying and Selling at Lundin Gold

In related news, Director Pablo Mir sold 11,535 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of C$30.78, for a total transaction of C$355,001.16. Insiders own 58.72% of the company’s stock.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.