Lundin Gold (TSE:LUG) Cut to Hold at National Bank Financial

National Bank Financial lowered shares of Lundin Gold (TSE:LUG - Free Report) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports. National Bank Financial also issued estimates for Lundin Gold's Q2 2025 earnings at $1.10 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.11 EPS, FY2026 earnings at $4.30 EPS, FY2027 earnings at $3.84 EPS and FY2028 earnings at $3.14 EPS.

LUG has been the subject of a number of other research reports. National Bankshares lowered Lundin Gold from an "outperform" rating to a "sector perform" rating and raised their price objective for the company from C$67.75 to C$89.00 in a research note on Tuesday. Cormark downgraded shares of Lundin Gold from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada upped their price target on shares of Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on shares of Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. Finally, Veritas lowered shares of Lundin Gold from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$50.91.

Lundin Gold Stock Performance

Shares of TSE:LUG traded down C$5.81 during mid-day trading on Monday, hitting C$67.51. 1,273,982 shares of the company traded hands, compared to its average volume of 653,348. The firm's 50 day simple moving average is C$64.10 and its 200 day simple moving average is C$47.57. The firm has a market cap of C$11.52 billion, a P/E ratio of 37.90 and a beta of 1.23. Lundin Gold has a 52-week low of C$19.48 and a 52-week high of C$75.19.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were paid a $0.2075 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.83 annualized dividend and a dividend yield of 1.23%. Lundin Gold's payout ratio is 60.06%.

Insider Activity at Lundin Gold

In other news, Senior Officer Terrence Smith sold 40,656 shares of Lundin Gold stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$64.06, for a total transaction of C$2,604,423.36. Also, Senior Officer Sheila Margaret Colman sold 1,400 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total value of C$105,070.00. Insiders have sold a total of 65,056 shares of company stock worth $4,166,044 over the last ninety days. 58.72% of the stock is currently owned by corporate insiders.

Lundin Gold Company Profile

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.