Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) – Investment analysts at National Bank Financial reduced their FY2020 EPS estimates for shares of Eldorado Gold in a note issued to investors on Wednesday, May 22nd. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $0.48 per share for the year, down from their previous estimate of $0.56. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Eldorado Gold’s FY2021 earnings at $0.05 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The business had revenue of $80.02 million during the quarter, compared to the consensus estimate of $113.85 million. Eldorado Gold had a negative net margin of 97.68% and a negative return on equity of 1.40%.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Eldorado Gold from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, March 20th. TD Securities cut their price objective on Eldorado Gold from $4.50 to $4.25 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Credit Suisse Group initiated coverage on Eldorado Gold in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $6.00 price objective on the stock. BMO Capital Markets raised Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price target on the stock in a research report on Friday, February 1st. Finally, CIBC downgraded Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.77.

Shares of Eldorado Gold stock opened at $3.19 on Friday. The firm has a market capitalization of $543.89 million, a price-to-earnings ratio of -18.76, a price-to-earnings-growth ratio of 7.77 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.70 and a current ratio of 3.98. Eldorado Gold has a 52 week low of $2.52 and a 52 week high of $6.05.

Several institutional investors and hedge funds have recently bought and sold shares of EGO. Vanguard Group Inc. grew its position in shares of Eldorado Gold by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 19,383,460 shares of the basic materials company’s stock worth $17,118,000 after buying an additional 702,354 shares in the last quarter. Vanguard Group Inc boosted its position in Eldorado Gold by 3.8% during the third quarter. Vanguard Group Inc now owns 19,383,460 shares of the basic materials company’s stock valued at $17,118,000 after purchasing an additional 702,354 shares in the last quarter. Legal & General Group Plc boosted its position in Eldorado Gold by 2.5% during the third quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 13,649 shares in the last quarter. Signition LP bought a new stake in Eldorado Gold during the fourth quarter valued at about $43,000. Finally, Brave Asset Management Inc. bought a new stake in Eldorado Gold during the fourth quarter valued at about $36,000. 38.94% of the stock is currently owned by institutional investors and hedge funds.

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 (NYSE:EGO)

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