Eldorado Gold (EGO) Set to Announce Quarterly Earnings on Thursday

Eldorado Gold (NYSE:EGO) (TSE:ELD) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $306.90 million for the quarter. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%. On average, analysts expect Eldorado Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eldorado Gold Stock Performance

Shares of NYSE:EGO opened at $14.31 on Tuesday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 6.34 and a beta of 1.10. Eldorado Gold has a 12 month low of $8.30 and a 12 month high of $16.01. The firm’s 50-day moving average is $13.00 and its 200 day moving average is $12.20. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EGO shares. CIBC upped their price target on shares of Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Nicolaus reiterated a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. TD Securities lowered their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research report on Monday, February 26th. Finally, Stifel Canada cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.30.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.