Eldorado Gold Corporation (EGO) Announces Earnings Results

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

Eldorado Gold Corporation (NYSE EGO) traded down $0.07 during mid-day trading on Friday, hitting $1.21. 5,161,400 shares of the stock traded hands, compared to its average volume of 10,153,802. The stock has a market cap of $960.75, a price-to-earnings ratio of 60.50 and a beta of 1.17. The company has a current ratio of 7.80, a quick ratio of 6.16 and a debt-to-equity ratio of 0.16. Eldorado Gold Corporation has a 1 year low of $1.17 and a 1 year high of $3.91.

Several brokerages have recently commented on EGO. Canaccord Genuity lowered Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Credit Suisse Group raised Eldorado Gold Corporation from an “underperform” rating to a “neutral” rating in a research report on Monday, September 25th. Scotiabank downgraded 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. Finally, TD Securities set a $4.00 price target on Eldorado Gold Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $2.78.

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About Eldorado Gold Corporation

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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