Lundin Gold Inc T.LUG

Any ideas

[robnhood]

as to why LUG seems to struggle?  Very grudgingly hit a new ATH and the first drop of 3 bucks in the price of gold sends it for a tailspin.  It already hit 19.40 or close in may of 2022.

[robnhood]

OOPS, sorry, that previous high was May of 2023.

[Franky1985]

Indeed, pretty weak recently. And underperforming the sector. Current general market situation is beyond compare, but LUG was not able to benefit. Maybe some bad news on the way. From evaluation point of view LUG is still way to cheap. MC/EBITDA is around 5, peers get 10 or even higher. Management needs to address this, but they are calm.

[robnhood]

1st Quarter production out-- 111,572 oz vs 140,021 oz.  Maybe that's the reason for the hesitancy.