Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Investment analysts at Desjardins issued their FY2017 earnings per share estimates for Eldorado Gold in a research note issued to investors on Monday. Desjardins analyst J. Wolfson anticipates that the basic materials company will earn $0.02 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s FY2018 earnings at $0.07 EPS, FY2019 earnings at $0.09 EPS, FY2020 earnings at $0.09 EPS and FY2021 earnings at $0.07 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $95.35 million for the quarter, compared to analyst estimates of $100.63 million. Eldorado Gold had a negative net margin of 5.02% and a positive return on equity of 0.51%. The company’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS.

A number of other equities research analysts have also issued reports on the stock. Scotiabank set a $2.00 target price on shares of Eldorado Gold and gave the company a “sector perform” rating in a research note on Friday, November 17th. J P Morgan Chase & Co downgraded shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. TD Securities cut their price target on shares of Eldorado Gold from $2.10 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, November 7th. Royal Bank of Canada cut their price target on shares of Eldorado Gold from $1.75 to $1.50 and set an “underperform” rating on the stock in a report on Thursday, November 2nd. Finally, Bank of America downgraded shares of Eldorado Gold from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Six equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Eldorado Gold presently has a consensus rating of “Hold” and an average target price of $1.98.

Shares of Eldorado Gold (NYSE:EGO) opened at $1.24 on Tuesday. The stock has a market cap of $921.05, a price-to-earnings ratio of 58.00 and a beta of 1.14. Eldorado Gold has a 52 week low of $1.10 and a 52 week high of $3.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.16 and a current ratio of 7.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shell Asset Management Co. raised its holdings in Eldorado Gold by 2,884.9% in the 3rd quarter. Shell Asset Management Co. now owns 780,973 shares of the basic materials company’s stock worth $5,896,000 after acquiring an additional 754,809 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of Eldorado Gold by 43.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 13,889 shares during the period. Intact Investment Management Inc. increased its holdings in shares of Eldorado Gold by 83.9% during the 2nd quarter. Intact Investment Management Inc. now owns 5,351,900 shares of the basic materials company’s stock worth $18,196,000 after purchasing an additional 2,441,800 shares during the period. ASA Gold & Precious Metals Ltd increased its holdings in shares of Eldorado Gold by 137.9% during the 3rd quarter. ASA Gold & Precious Metals Ltd now owns 1,546,570 shares of the basic materials company’s stock worth $3,402,000 after purchasing an additional 896,570 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Eldorado Gold by 15.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,848,322 shares of the basic materials company’s stock worth $4,880,000 after purchasing an additional 253,684 shares during the period. Hedge funds and other institutional investors own 52.94% of the company’s stock.

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Eldorado Gold Company Profile

Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.

Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

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