Lundin Gold (TSE:LUG) Rating Lowered to Hold at Desjardins

Lundin Gold (TSE:LUG) was downgraded by equities researchers at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat reports. They currently have a C$70.00 price objective on the stock, up from their previous price objective of C$62.00. Desjardins’ price objective suggests a potential upside of 9.24% from the stock’s current price. Desjardins also issued estimates for Lundin Gold’s Q2 2025 earnings at $1.05 EPS and Q2 2025 earnings at $1.05 EPS.

A number of other brokerages have also weighed in on LUG. Cibc World Mkts lowered shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Royal Bank Of Canada increased their target price on Lundin Gold from C$50.00 to C$54.00 in a research report on Wednesday, June 4th. TD Securities cut Lundin Gold from a “strong-buy” rating to a “hold” rating and boosted their price target for the stock from C$65.00 to C$73.00 in a report on Wednesday. BMO Capital Markets raised their price objective on shares of Lundin Gold from C$45.00 to C$62.00 in a report on Friday, May 9th. Finally, Jefferies Financial Group raised their price target on shares of Lundin Gold from C$36.00 to C$45.00 in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$54.18.

Lundin Gold Trading Down 0.2%

LUG opened at C$64.08 on Thursday. The company has a market cap of C$10.94 billion, a P/E ratio of 35.97 and a beta of 1.23. The company’s 50 day moving average is C$67.52 and its 200-day moving average is C$51.54. Lundin Gold has a 1-year low of C$21.51 and a 1-year high of C$75.19.

Insider Activity at Lundin Gold

In other Lundin Gold news, Director Pablo Mir sold 15,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total transaction of C$996,550.50. Also, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total value of C$2,604,423.36. Insiders have sold a total of 65,056 shares of company stock worth $4,166,044 over the last quarter. Company insiders own 58.72% of the company’s stock.

About Lundin Gold

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.