LUG.TO vs. VRNA

Last updated Jun 9, 2026

LUG.TO (Lundin Gold Inc.) and VRNA (Verona Pharma plc) are both stocks. LUG.TO operates in Gold (Basic Materials), while VRNA operates in Biotechnology (Healthcare). At a 0.09 correlation, their price movements are largely independent.

Performance

LUG.TO vs. VRNA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lundin Gold Inc. (LUG.TO) and Verona Pharma plc (VRNA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LUG.TO is traded in CAD, while VRNA is traded in USD. To make them comparable, the VRNA values have been converted to CAD using the latest available exchange rates.

Returns By Period

LUG.TO

• 1D: 0.42%
• 1M: -13.90%
• YTD: -26.55%
• 6M: -23.60%
• 1Y: 20.17%
• 3Y*: 78.91%
• 5Y*: 53.88%
• 10Y*: 32.96%

VRNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LUG.TO vs. VRNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUG.TO Lundin Gold Inc.	-26.55%	291.22%	91.60%	29.55%	30.60%	-4.67%	31.21%	66.93%	10.15%	-23.61%
VRNA Verona Pharma plc	0.00%	123.73%	153.38%	-25.73%	313.48%	-4.05%	18.85%	-42.87%	-11.87%	-18.87%

Correlation

The correlation between LUG.TO and VRNA is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Apr 27, 2017	0.09

Fundamentals

Market Cap LUG.TO : CA$19.02B VRNA : $9.72B
EPS LUG.TO : CA$3.77 VRNA : -$0.69
PS Ratio LUG.TO : 9.50 VRNA : 57.97
PB Ratio LUG.TO : 13.96 VRNA : 34.92
Total Revenue (TTM) LUG.TO : CA$2.00B VRNA : $167.65M
Gross Profit (TTM) LUG.TO : CA$1.41B VRNA : $159.52M
EBITDA (TTM) LUG.TO : CA$1.43B VRNA : -$40.86M

Return for Risk

LUG.TO vs. VRNA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LUG.TO

LUG.TO Risk / Return Rank: 54
LUG.TO Sharpe Ratio Rank: 55
LUG.TO Sortino Ratio Rank: 52
LUG.TO Omega Ratio Rank: 51
LUG.TO Calmar Ratio Rank: 55
LUG.TO Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LUG.TO vs. VRNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) and Verona Pharma plc (VRNA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LUG.TO	VRNA	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.84	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.58	—	—
Martin ratio: Return relative to average drawdown	1.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LUG.TO	VRNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	—	—

Drawdowns

Drawdown Indicators

	LUG.TO	VRNA	Difference
Max Drawdown Largest peak-to-trough decline	-94.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-35.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-35.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	—	—
Current Drawdown Current decline from peak	-34.86%	—	—
Average Drawdown Average peak-to-trough decline	-67.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.50%	—	—

Volatility

Volatility by Period

	LUG.TO	VRNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.39%	—	—

Dividends

LUG.TO vs. VRNA - Dividend Comparison

LUG.TO's dividend yield for the trailing twelve months is around 5.30%, while VRNA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
LUG.TO Lundin Gold Inc.	5.30%	3.35%	2.69%	3.26%	1.97%
VRNA Verona Pharma plc	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

LUG.TO vs. VRNA - Profitability Comparison

The chart below illustrates the profitability comparison between Lundin Gold Inc. and Verona Pharma plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LUG.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.

VRNA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported a gross profit of 71.68M and revenue of 75.14M. Therefore, the gross margin over that period was 95.4%.

LUG.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.

VRNA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported an operating income of 9.69M and revenue of 75.14M, resulting in an operating margin of 12.9%.

LUG.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.

VRNA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported a net income of 8.69M and revenue of 75.14M, resulting in a net margin of 11.6%.

Frequently Asked Questions

Can I hold both LUG.TO and VRNA in my portfolio?

LUG.TO and VRNA have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.