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  5. LUG: Given CIBC downgrade of LUG today do you see this as indicator that some of the bigger names in gold will consolidate for a while? [Lundin Gold Inc.]
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Q: Given CIBC downgrade of LUG today do you see this as indicator that some of the bigger names in gold will consolidate for a while? Might it be time to adjust the mix of gold holdings?

Thank you for all your help,

Mike
Asked by Michael on March 24, 2025
5i Research Answer:

We would not react to broker downgrades, really. LUG is up 42% YTD and the broker may simply be being conservative (the old, 'you never grow broke taking a profit'). But the underlying trends that have driven the gold sector this year still remain very much in place, in our view. 

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