Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Desjardins issued their Q4 2017 EPS estimates for shares of Eldorado Gold in a research report issued to clients and investors on Monday. Desjardins analyst J. Wolfson forecasts that the basic materials company will post earnings per share of $0.00 for the quarter. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s Q1 2018 earnings at $0.01 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.02 EPS and Q3 2019 earnings at $0.02 EPS.

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

EGO has been the subject of a number of other research reports. TD Securities set a $4.00 price objective on Eldorado Gold and gave the stock a “buy” rating in a report on Friday, October 20th. ValuEngine cut Eldorado Gold from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Eldorado Gold from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Credit Suisse Group cut Eldorado Gold from a “neutral” rating to an “underperform” rating in a report on Monday, October 23rd. Finally, Royal Bank of Canada cut Eldorado Gold from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $3.00 to $1.75 in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1.98.

Shares of Eldorado Gold (NYSE:EGO) opened at $1.26 on Wednesday. Eldorado Gold has a 1-year low of $1.10 and a 1-year high of $3.91. The stock has a market capitalization of $960.75, a P/E ratio of 60.50, a PEG ratio of 72.60 and a beta of 1.14. The company has a current ratio of 7.80, a quick ratio of 6.16 and a debt-to-equity ratio of 0.16.

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in shares of Eldorado Gold by 7.9% during the third quarter. Van ECK Associates Corp now owns 77,400,839 shares of the basic materials company’s stock worth $170,265,000 after buying an additional 5,673,050 shares in the last quarter. Franklin Resources Inc. increased its holdings in Eldorado Gold by 18.7% in the second quarter. Franklin Resources Inc. now owns 50,841,512 shares of the basic materials company’s stock valued at $134,866,000 after purchasing an additional 8,006,424 shares during the period. Bank of New York Mellon Corp increased its holdings in Eldorado Gold by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 12,609,444 shares of the basic materials company’s stock valued at $33,290,000 after purchasing an additional 824,770 shares during the period. First Eagle Investment Management LLC increased its holdings in Eldorado Gold by 19.8% in the second quarter. First Eagle Investment Management LLC now owns 7,718,257 shares of the basic materials company’s stock valued at $20,480,000 after purchasing an additional 1,275,000 shares during the period. Finally, TD Asset Management Inc. increased its holdings in Eldorado Gold by 2.3% in the third quarter. TD Asset Management Inc. now owns 7,143,133 shares of the basic materials company’s stock valued at $15,650,000 after purchasing an additional 158,554 shares during the period. Institutional investors and hedge funds own 52.94% of the company’s stock.

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About Eldorado Gold

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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