Brokers Set Expectations for Eldorado Gold Corp’s FY2017 Earnings (ELD)
Eldorado Gold Corp (TSE:ELD) – Research analysts at Raymond James Financial cut their FY2017 earnings estimates for Eldorado Gold Corp in a research report issued to clients and investors on Thursday. Raymond James Financial analyst P. Russo now anticipates that the firm will earn $0.24 per share for the year, down from their previous estimate of $0.28.
Other research analysts also recently issued research reports about the stock. Canaccord Genuity decreased their price objective on shares of Eldorado Gold Corp from C$8.50 to C$7.00 in a research report on Friday, July 29th. Goldman Sachs Group Inc. set a C$6.60 price target on shares of Eldorado Gold Corp in a research report on Wednesday, August 10th. TD Securities reduced their price target on shares of Eldorado Gold Corp from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Dundee Securities restated a “neutral” rating and set a C$6.00 price target on shares of Eldorado Gold Corp in a research report on Monday, September 19th. Finally, Royal Bank Of Canada reduced their price target on shares of Eldorado Gold Corp from C$9.00 to C$7.50 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$6.40.
Eldorado Gold Corp (TSE:ELD) traded up 1.17% during midday trading on Monday, hitting $5.21. The stock had a trading volume of 1,585,129 shares. Eldorado Gold Corp has a 1-year low of $2.67 and a 1-year high of $6.71. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $5.26. The company’s market capitalization is $3.73 billion.
In related news, insider Dale Leeworthy Churcher sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of C$6.55, for a total transaction of C$163,750.00.
About Eldorado Gold Corp
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