Eldorado Gold Corp (ELD) to Post FY2017 Earnings of $0.04 Per Share, Cormark Forecasts
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark raised their FY2017 earnings per share estimates for shares of Eldorado Gold Corp in a research note issued to investors on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.04 for the year, up from their previous estimate of $0.01. Cormark also issued estimates for Eldorado Gold Corp’s Q4 2017 earnings at $0.03 EPS.
A number of other equities analysts also recently commented on the stock. BMO Capital Markets restated a “market perform” rating and issued a C$5.00 target price on shares of Eldorado Gold Corp in a research note on Thursday, March 30th. Royal Bank of Canada restated an “outperform” rating and issued a C$5.75 target price on shares of Eldorado Gold Corp in a research note on Thursday, March 30th. Scotiabank restated an “outperform” rating and issued a C$4.25 target price on shares of Eldorado Gold Corp in a research note on Wednesday, March 29th. Finally, TD Securities restated a “buy” rating and issued a C$4.75 target price on shares of Eldorado Gold Corp in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$5.29.
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Shares of Eldorado Gold Corp (TSE:ELD) opened at 4.57 on Thursday. The stock’s market capitalization is $3.27 billion. The firm has a 50-day moving average of $4.74 and a 200 day moving average of $4.36. Eldorado Gold Corp has a one year low of $3.46 and a one year high of $6.71.
About Eldorado Gold Corp
Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.
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