Equities analysts expect Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) to announce $0.10 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Eldorado Gold’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.06. Eldorado Gold reported earnings per share of ($0.05) in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The company is scheduled to report its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Eldorado Gold will report full year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.10 to $0.18. For the next year, analysts forecast that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.62 to $1.14. Zacks’ EPS averages are an average based on a survey of analysts that follow Eldorado Gold.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $172.26 million for the quarter. Eldorado Gold had a negative net margin of 44.10% and a negative return on equity of 0.56%.
Several equities analysts recently weighed in on the company. Royal Bank of Canada initiated coverage on Eldorado Gold in a research note on Wednesday. They issued an “underperform” rating and a $6.50 price objective for the company. Zacks Investment Research downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. TD Securities upped their target price on Eldorado Gold from $7.00 to $9.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. National Bank Financial raised Eldorado Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets set a $16.00 price target on Eldorado Gold and gave the company a “buy” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.86.
Institutional investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in Eldorado Gold in the 1st quarter valued at approximately $185,000. SG Americas Securities LLC grew its holdings in Eldorado Gold by 25.6% during the 2nd quarter. SG Americas Securities LLC now owns 465,884 shares of the basic materials company’s stock valued at $2,711,000 after buying an additional 94,944 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Eldorado Gold during the 2nd quarter valued at $51,000. BNP Paribas Arbitrage SA purchased a new position in Eldorado Gold during the second quarter worth $317,000. Finally, Advisor Group Inc. increased its position in Eldorado Gold by 65.9% during the second quarter. Advisor Group Inc. now owns 6,043 shares of the basic materials company’s stock worth $35,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 50.09% of the company’s stock.
Shares of EGO traded down $0.06 on Friday, reaching $7.30. The stock had a trading volume of 3,725,460 shares, compared to its average volume of 2,688,560. The firm has a market capitalization of $1.16 billion, a PE ratio of -42.94, a PEG ratio of 10.12 and a beta of 1.84. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $7.94 and a 200 day moving average of $7.22. Eldorado Gold has a twelve month low of $2.52 and a twelve month high of $10.09.
Eldorado Gold Company Profile
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
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