Lundin Gold Inc reports results for the quarter ended March 31 - Earnings Summary

• Lundin Gold Inc LUG.TO reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of eleven analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 50 cents to 65 cents per share.

• Revenue rose 57.2% to $356.35 million from a year ago; analysts expected $339.67 million.

• Lundin Gold Inc's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $153.5 million.

• Lundin Gold Inc shares had risen by 33.3% this quarter and gained 93.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "hold"

• Wall Street's median 12-month price target for Lundin Gold Inc is C$50.00

This summary was machine generated from LSEG data May 9 at 04:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)