Zacks: Brokerages Anticipate Eldorado Gold Corp (NYSE:EGO) to Post $0.22 Earnings Per Share

Brokerages expect Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) to report $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for Eldorado Gold’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Eldorado Gold posted earnings of ($0.01) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2,300%. The business is expected to issue its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Eldorado Gold will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.93. For the next fiscal year, analysts expect that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.54 to $0.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Eldorado Gold.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $204.66 million for the quarter. Eldorado Gold had a return on equity of 1.15% and a net margin of 13.83%.

A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a report on Wednesday, April 15th. Bank of America upgraded shares of Eldorado Gold from an “underperform” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, March 4th. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 price target on shares of Eldorado Gold in a research note on Wednesday, May 6th. TheStreet upgraded shares of Eldorado Gold from a “d+” rating to a “c” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $7.75 price target on shares of Eldorado Gold in a research note on Sunday, May 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Eldorado Gold has a consensus rating of “Hold” and a consensus target price of $10.67.

Shares of NYSE:EGO traded down $0.04 during midday trading on Friday, reaching $9.00. 1,843,177 shares of the company were exchanged, compared to its average volume of 2,980,147. Eldorado Gold has a fifty-two week low of $3.05 and a fifty-two week high of $11.29. The company has a quick ratio of 1.25, a current ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $8.62 and a two-hundred day simple moving average of $7.85. The firm has a market cap of $1.51 billion, a PE ratio of 36.16, a P/E/G ratio of 2.22 and a beta of 1.79.

Several institutional investors have recently added to or reduced their stakes in EGO. Advisor Group Holdings Inc. acquired a new position in shares of Eldorado Gold during the 1st quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Eldorado Gold during the 4th quarter worth about $44,000. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold during the 1st quarter worth about $54,000. Macquarie Group Ltd. bought a new stake in shares of Eldorado Gold during the 4th quarter worth about $67,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Eldorado Gold during the 1st quarter worth about $85,000. Institutional investors own 52.28% of the company’s stock.

About Eldorado Gold

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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