Cormark Weighs in on Eldorado Gold Corp’s FY2020 Earnings (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Analysts at Cormark reduced their FY2020 earnings per share estimates for Eldorado Gold in a research report issued to clients and investors on Tuesday, May 14th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.85 per share for the year, down from their prior estimate of $0.95.

ELD has been the topic of several other reports. National Bank Financial upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$4.75 to C$8.00 in a research report on Friday, February 1st. Eight Capital upped their target price on shares of Eldorado Gold from C$4.00 to C$6.25 in a research report on Friday, February 22nd. Finally, Canaccord Genuity upped their target price on shares of Eldorado Gold from C$5.00 to C$5.50 in a research report on Friday, February 1st.

Shares of TSE ELD opened at C$5.11 on Thursday. The company has a debt-to-equity ratio of 18.57, a quick ratio of 2.70 and a current ratio of 3.98. The stock has a market cap of $784.48 million and a PE ratio of -2.04. Eldorado Gold has a 12-month low of C$3.36 and a 12-month high of C$7.75.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, February 21st. The company reported C($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.08) by C$0.02. The business had revenue of C$122.66 million for the quarter, compared to analysts’ expectations of C$128.15 million.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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

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