Eldorado Gold Corporation (NYSE:EGO) Announces Quarterly Earnings Results

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

Shares of Eldorado Gold Corporation (EGO) traded down $0.07 during trading on Friday, hitting $1.21. The company had a trading volume of 5,161,400 shares, compared to its average volume of 10,153,802. Eldorado Gold Corporation has a twelve month low of $1.17 and a twelve month 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 firm has a market capitalization of $960.75, a PE ratio of 60.50 and a beta of 1.17.

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

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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.

Earnings History for Eldorado Gold Corporation (NYSE:EGO)

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