Equities Analysts Issue Forecasts for Eldorado Gold Corp’s FY2018 Earnings (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Stock analysts at Haywood Securities issued their FY2018 earnings per share (EPS) estimates for Eldorado Gold in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Haywood Securities analyst K. Smith expects that the company will post earnings per share of ($0.06) for the year.

Several other analysts also recently commented on ELD. 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. Eight Capital reiterated a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. BMO Capital Markets dropped their price objective on shares of Eldorado Gold from C$2.25 to C$1.75 in a research note on Monday, November 13th. Canaccord Genuity dropped their target price on shares of Eldorado Gold from C$3.25 to C$2.25 in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada dropped their target price on shares of Eldorado Gold to C$2.00 and set an “underperform” rating for the company in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$3.42.

Shares of Eldorado Gold (TSE:ELD) traded down C$0.05 during mid-day trading on Monday, hitting C$1.41. 2,859,189 shares of the company traded hands, compared to its average volume of 3,366,892. Eldorado Gold has a 1-year low of C$1.41 and a 1-year high of C$5.13.

COPYRIGHT VIOLATION WARNING: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/05/brokers-offer-predictions-for-eldorado-gold-corps-fy2018-earnings-eld.html.

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.

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

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

Earnings History and Estimates for Eldorado Gold (TSE:ELD)

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

Leave a Reply