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

Eldorado Gold (TSE:ELD) (NYSE:EGO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Eldorado Gold to post earnings of C$0.20 per share for the quarter.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.05. The firm had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%.

Eldorado Gold Stock Performance

Shares of TSE ELD opened at C$19.59 on Tuesday. The stock’s 50-day moving average is C$17.66 and its 200 day moving average is C$16.53. The stock has a market cap of C$3.98 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 56.20 and a beta of 1.13. Eldorado Gold has a 1-year low of C$11.38 and a 1-year high of C$22.01. The company has a current ratio of 3.39, a quick ratio of 2.28 and a debt-to-equity ratio of 18.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELD. National Bankshares cut their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Bank of America raised their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Cormark lowered their price objective on Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$19.11.

Insider Activity at Eldorado Gold

In related news, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other Eldorado Gold news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$18.24, for a total value of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders have sold a total of 41,338 shares of company stock worth $684,168 in the last 90 days. Company insiders own 0.69% of the company’s stock.

About Eldorado Gold

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.