Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Analysts at Cormark dropped their Q2 2018 EPS estimates for shares of Eldorado Gold in a research report issued on Monday, April 30th. Cormark analyst R. Gray now forecasts that the company will earn ($0.01) per share for the quarter, down from their prior estimate of ($0.01). Cormark also issued estimates for Eldorado Gold’s Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.04) EPS, Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.08) EPS.
A number of other analysts also recently issued reports on the company. Canaccord Genuity raised their target price on Eldorado Gold from C$1.25 to C$1.40 in a research note on Monday, April 23rd. Eight Capital cut their target price on Eldorado Gold from C$1.60 to C$1.30 in a research note on Friday, March 23rd. Desjardins downgraded Eldorado Gold from a “hold” rating to a “sell” rating and cut their target price for the stock from C$1.75 to C$1.00 in a research note on Thursday, March 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$1.50 target price on shares of Eldorado Gold in a research note on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Eldorado Gold currently has a consensus rating of “Hold” and a consensus target price of C$2.12.
Shares of ELD opened at C$1.29 on Wednesday. Eldorado Gold has a 52-week low of C$1.03 and a 52-week high of C$5.13.
In other Eldorado Gold news, insider Timothy Francis Garvin acquired 90,000 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was purchased at an average cost of C$1.23 per share, with a total value of C$110,700.00. Also, Director George Raymond Burns acquired 388,400 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The shares were acquired at an average cost of C$1.25 per share, with a total value of C$485,500.00. Insiders have purchased a total of 478,700 shares of company stock valued at $596,497 over the last three months.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 155.04%. This is an increase from Eldorado Gold’s previous quarterly dividend of $0.02.
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.
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