Lundin Gold (TSE:LUG - Get Free Report) was downgraded by Desjardins from a "moderate buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a C$70.00 target price on the stock, up from their prior target price of C$62.00. Desjardins' target price indicates a potential upside of 9.24% from the stock's previous close. Desjardins also issued estimates for Lundin Gold's Q2 2025 earnings at $1.05 EPS and Q2 2025 earnings at $1.05 EPS.
LUG has been the topic of several other research reports. Cibc World Mkts downgraded shares of Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. National Bankshares downgraded shares of Lundin Gold from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from C$67.75 to C$89.00 in a report on Tuesday, June 24th. BMO Capital Markets lifted their price target on shares of Lundin Gold from C$45.00 to C$62.00 in a report on Friday, May 9th. Royal Bank Of Canada lifted their price target on shares of Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. Finally, Jefferies Financial Group lifted their price target on shares of Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. One analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, Lundin Gold presently has an average rating of "Hold" and an average target price of C$54.18.
View Our Latest Research Report on LUG
Lundin Gold Price Performance
LUG stock traded down C$0.10 during trading on Thursday, hitting C$64.08. 690,923 shares of the stock traded hands, compared to its average volume of 673,223. Lundin Gold has a 1 year low of C$21.51 and a 1 year high of C$75.19. The firm's 50 day moving average is C$67.52 and its two-hundred day moving average is C$51.68. The stock has a market cap of C$10.94 billion, a price-to-earnings ratio of 35.97 and a beta of 1.23.
Insider Activity
In other Lundin Gold news, Director Pablo Mir sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$66.44, for a total value of C$996,550.50. Also, Senior Officer Terrence Smith sold 40,656 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$64.06, for a total value of C$2,604,423.36. Insiders have sold 65,056 shares of company stock worth $4,166,044 in the last quarter. Corporate insiders own 58.72% of the company's stock.
About Lundin Gold
(
Get Free Report)
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.
Further Reading
Before you consider Lundin Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lundin Gold wasn't on the list.
While Lundin Gold currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
