Eldorado Gold Corp (ELD) Expected to Post Q4 2017 Earnings of $0.00 Per Share

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Equities researchers at Cormark lifted their Q4 2017 earnings per share estimates for shares of Eldorado Gold in a research report issued on Thursday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.00 for the quarter, up from their previous estimate of ($0.01). Cormark also issued estimates for Eldorado Gold’s Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.09 EPS.

A number of other research firms also recently issued reports on ELD. BMO Capital Markets upped their price target on shares of Eldorado Gold from C$2.50 to C$3.50 and gave the company a “market perform” rating in a research note on Saturday, September 23rd. Canaccord Genuity decreased their price target on shares of Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Royal Bank of Canada downgraded shares of Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target on the stock. in a research note on Wednesday, October 25th. JPMorgan Chase & Co. downgraded shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$2.50 price target on shares of Eldorado Gold in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Eldorado Gold presently has a consensus rating of “Hold” and an average target price of C$3.11.

Shares of Eldorado Gold (TSE:ELD) opened at C$1.66 on Friday. The stock has a market cap of $1,320.00, a price-to-earnings ratio of -83.00 and a beta of 0.74. Eldorado Gold has a 12 month low of C$1.39 and a 12 month high of C$5.13.

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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.

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

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