Eldorado Gold (EGO) to Release Earnings on Thursday
Eldorado Gold (NYSE:EGO) (TSE:ELD) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Eldorado Gold to post earnings of ($0.07) per share for the quarter.
Shares of Eldorado Gold stock opened at $4.00 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.79 and a current ratio of 6.33. The firm has a market cap of $641.56 million, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 5.60 and a beta of 1.67. Eldorado Gold has a 1-year low of $2.52 and a 1-year high of $6.05.
Several analysts have weighed in on the company. Zacks Investment Research raised Eldorado Gold from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, February 5th. TD Securities raised Eldorado Gold from a “reduce” rating to a “hold” rating and lifted their target price for the company from $3.50 to $4.50 in a research note on Wednesday, February 6th. CIBC downgraded Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research note on Thursday, January 31st. BMO Capital Markets raised Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 target price on the stock in a research note on Friday, February 1st. Finally, National Bank Financial raised Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Eldorado Gold presently has an average rating of “Hold” and an average price target of $2.36.
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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 Tocantinzinho gold project in Brazil.
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