Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – National Bank Financial issued their Q3 2020 earnings per share estimates for Eldorado Gold in a research note issued on Wednesday, October 21st. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings per share of $0.33 for the quarter.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Eldorado Gold had a net margin of 16.51% and a return on equity of 2.42%. The business had revenue of $255.92 million for the quarter.
Other research analysts have also recently issued research reports about the company. CIBC restated a “buy” rating and set a $16.00 price objective on shares of Eldorado Gold in a research note on Tuesday, September 15th. Scotiabank boosted their price objective on Eldorado Gold from $11.00 to $12.00 in a research note on Monday, July 20th. Zacks Investment Research upgraded Eldorado Gold from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, October 9th. Royal Bank of Canada upgraded Eldorado Gold from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $11.00 to $12.00 in a research note on Friday, October 9th. Finally, ValuEngine upgraded Eldorado Gold from a “strong sell” rating to a “sell” rating in a research note on Monday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Eldorado Gold currently has an average rating of “Hold” and an average price target of $12.50.
Shares of EGO opened at $13.26 on Friday. The stock’s 50-day moving average is $11.52 and its two-hundred day moving average is $10.27. The stock has a market cap of $2.31 billion, a PE ratio of 15.98, a P/E/G ratio of 2.62 and a beta of 1.74. Eldorado Gold has a 12 month low of $4.60 and a 12 month high of $14.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.88 and a quick ratio of 1.45.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Eldorado Gold by 16.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,079 shares of the basic materials company’s stock valued at $650,000 after purchasing an additional 9,380 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Eldorado Gold by 38.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,172 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 6,440 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Eldorado Gold by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,709,552 shares of the basic materials company’s stock worth $45,683,000 after purchasing an additional 36,121 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Eldorado Gold by 3.9% during the 2nd quarter. CIBC Asset Management Inc now owns 107,710 shares of the basic materials company’s stock valued at $1,035,000 after purchasing an additional 4,048 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Eldorado Gold by 13.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 351,613 shares of the basic materials company’s stock valued at $3,390,000 after buying an additional 42,247 shares during the period. 53.10% of the stock is currently owned by institutional investors and hedge funds.
About Eldorado Gold
Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.
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