Eldorado Gold Corporation (EGO) to Post Q3 2017 Earnings of ($0.01) Per Share, Cormark Forecasts

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Cormark issued their Q3 2017 earnings per share (EPS) estimates for Eldorado Gold Corporation in a report issued on Tuesday, Zacks Investment Research reports. Cormark analyst R. Gray forecasts that the basic materials company will earn ($0.01) per share for the quarter. Cormark also issued estimates for Eldorado Gold Corporation’s Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at $0.00 EPS.

Several other brokerages have also recently issued reports on EGO. Macquarie cut Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 12th. Scotiabank cut Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 price target on the stock. in a research report on Monday, July 31st. Canaccord Genuity cut Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Bank of America Corporation cut Eldorado Gold Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, October 31st. Finally, Royal Bank of Canada decreased their target price on Eldorado Gold Corporation from $1.75 to $1.50 and set an “underperform” rating on the stock in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Eldorado Gold Corporation has a consensus rating of “Hold” and a consensus price target of $2.78.

TRADEMARK VIOLATION NOTICE: “Eldorado Gold Corporation (EGO) to Post Q3 2017 Earnings of ($0.01) Per Share, Cormark Forecasts” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/11/research-analysts-offer-predictions-for-eldorado-gold-corporations-q3-2017-earnings-ego.html.

Eldorado Gold Corporation (EGO) traded down $0.07 during trading hours on Wednesday, reaching $1.21. The company’s stock had a trading volume of 5,161,400 shares, compared to its average volume of 6,794,154. Eldorado Gold Corporation has a 52 week low of $1.17 and a 52 week high of $3.91. The company has a current ratio of 7.80, a quick ratio of 6.16 and a debt-to-equity ratio of 0.16. The company has a market cap of $1,016.33, a P/E ratio of 64.00 and a beta of 1.17.

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

Institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group acquired a new stake in shares of Eldorado Gold Corporation in the second quarter worth $104,000. Karp Capital Management Corp acquired a new stake in shares of Eldorado Gold Corporation in the first quarter worth $116,000. Aperio Group LLC boosted its position in shares of Eldorado Gold Corporation by 28.6% in the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after buying an additional 9,745 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Eldorado Gold Corporation by 43.7% in the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock worth $120,000 after buying an additional 13,889 shares during the period. Finally, Essex Investment Management Co. LLC boosted its position in shares of Eldorado Gold Corporation by 2.2% in the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,148 shares during the period. 53.27% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Corporation Company Profile

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.

Get a free copy of the Zacks research report on Eldorado Gold Corporation (EGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Eldorado Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply