Eldorado Gold (NYSE:EGO) Issues Earnings Results

Eldorado Gold (NYSE:EGO) (TSE:ELD) posted its quarterly earnings results on Thursday. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, Zacks reports. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The company had revenue of $331.76 million for the quarter. During the same period last year, the firm earned $0.17 EPS.

Eldorado Gold Price Performance

Shares of EGO stock traded down $1.03 on Friday, reaching $16.35. The company’s stock had a trading volume of 3,143,883 shares, compared to its average volume of 1,519,541. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06. The company has a market capitalization of $3.35 billion, a P/E ratio of 19.52 and a beta of 0.95. The stock’s 50 day simple moving average is $17.45 and its 200-day simple moving average is $16.32.

Analyst Ratings Changes

EGO has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank increased their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Finally, CIBC increased their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.38.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.