Lundin Gold (TSE:LUG) Lowered to Hold Rating by National Bank Financial

National Bank Financial cut shares of Lundin Gold (TSE:LUG - Free Report) from a strong-buy rating to a hold rating in a report published on Monday morning,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.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Lundin Gold from C$50.00 to C$54.00 in a report on Wednesday, June 4th. TD Securities raised their price objective on Lundin Gold from C$58.00 to C$65.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Cibc World Mkts lowered Lundin Gold from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Raymond James Financial increased their price target on Lundin Gold from C$32.00 to C$43.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group raised their price target on Lundin Gold from C$36.00 to C$45.00 in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Lundin Gold currently has a consensus rating of "Hold" and an average target price of C$50.91.

Lundin Gold Price Performance

TSE:LUG traded up C$0.50 on Monday, hitting C$73.32. 777,710 shares of the company's stock were exchanged, compared to its average volume of 648,302. The firm has a 50-day moving average price of C$63.60 and a 200-day moving average price of C$47.08. Lundin Gold has a 52 week low of C$19.48 and a 52 week high of C$75.19. The company has a market cap of C$12.52 billion, a P/E ratio of 41.16 and a beta of 1.23.

Lundin Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 25th were paid a $0.2075 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.83 annualized dividend and a dividend yield of 1.13%. Lundin Gold's dividend payout ratio (DPR) is presently 60.06%.

Insider Buying and Selling

In related news, Senior Officer Sheila Margaret Colman sold 1,400 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$75.05, for a total transaction of C$105,070.00. Also, Director Pablo Mir sold 15,000 shares of Lundin Gold stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$66.44, for a total value of C$996,550.50. Over the last three months, insiders have sold 65,056 shares of company stock valued at $4,166,044. 58.72% of the stock is owned by company 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.