Lundin Mining Corp reports results for the quarter ended June 30 - Earnings Summary

• Lundin Mining Corp LUN.TO reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of twenty analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 7 cents to 19 cents per share.

• Revenue fell 13.5% to $937.20 million from a year ago; analysts expected $842.43 million.

• Lundin Mining Corp's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $126.1 million.

• Lundin Mining Corp shares had risen by 0.6% this quarter and gained 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.8% 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 "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the diversified mining peer group is also "buy"

• Wall Street's median 12-month price target for Lundin Mining Corp is C$16.50, about 14.2% above its last closing price of C$14.16

This summary was machine generated from LSEG data August 7 at 04:46 a.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)