$0.17 Earnings Per Share Expected for Eldorado Gold Co. (NYSE:EGO) This Quarter


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Brokerages predict that Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) will announce earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Eldorado Gold’s earnings. Eldorado Gold reported earnings of $0.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 112.5%. The business is expected to announce its next earnings results after the market closes on Thursday, April 29th.

On average, analysts expect that Eldorado Gold will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.68 to $1.00. For the next fiscal year, analysts anticipate that the business will report earnings of $1.01 per share, with EPS estimates ranging from $0.74 to $1.25. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Eldorado Gold.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Eldorado Gold had a return on equity of 3.76% and a net margin of 18.40%. The firm had revenue of $278.50 million for the quarter.

Several equities analysts have recently issued reports on EGO shares. Bank of America cut Eldorado Gold from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 9th. Stifel Nicolaus dropped their target price on Eldorado Gold from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, January 19th. Credit Suisse Group reissued an “underperform” rating and issued a $13.00 target price on shares of Eldorado Gold in a report on Friday, January 15th. CIBC boosted their target price on Eldorado Gold from $16.75 to $20.00 and gave the stock an “outperform” rating in a report on Monday, February 8th. Finally, Zacks Investment Research downgraded Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Friday, April 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Eldorado Gold has a consensus rating of “Hold” and an average target price of $14.95.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGO. BlackRock Inc. boosted its stake in shares of Eldorado Gold by 151.4% in the fourth quarter. BlackRock Inc. now owns 11,970,290 shares of the basic materials company’s stock worth $158,846,000 after acquiring an additional 7,207,932 shares during the period. Norges Bank bought a new position in shares of Eldorado Gold in the fourth quarter worth about $28,649,000. Van ECK Associates Corp boosted its stake in shares of Eldorado Gold by 10.8% in the third quarter. Van ECK Associates Corp now owns 19,149,446 shares of the basic materials company’s stock worth $202,027,000 after acquiring an additional 1,865,506 shares during the period. Morgan Stanley boosted its stake in shares of Eldorado Gold by 22.7% in the third quarter. Morgan Stanley now owns 1,999,791 shares of the basic materials company’s stock worth $21,099,000 after acquiring an additional 370,506 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Eldorado Gold during the fourth quarter valued at approximately $4,133,000. 50.73% of the stock is owned by hedge funds and other institutional investors.

Shares of EGO traded down $0.44 during mid-day trading on Friday, hitting $10.81. 1,152,255 shares of the company’s stock traded hands, compared to its average volume of 2,346,608. The company has a quick ratio of 1.38, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Eldorado Gold has a 1 year low of $7.79 and a 1 year high of $14.49. The firm has a market capitalization of $1.90 billion, a P/E ratio of 10.92, a PEG ratio of 2.36 and a beta of 1.49. The business’s 50-day moving average price is $11.29 and its 200-day moving average price is $12.23.

About Eldorado Gold

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

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Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

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