Eldorado Gold (NYSE:EGO) Announces Earnings Results, Beats Estimates By $0.07 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) posted its earnings results on Thursday. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07, Zacks reports. The company had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.89% and a net margin of 15.67%. During the same quarter in the prior year, the company earned $0.09 EPS.

Eldorado Gold Stock Performance

Shares of NYSE EGO traded up $0.32 during mid-day trading on Friday, hitting $16.01. The stock had a trading volume of 1,138,917 shares, compared to its average volume of 1,093,061. The company has a 50 day moving average of $15.69 and a two-hundred day moving average of $14.07. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $17.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50. The firm has a market cap of $3.28 billion, a PE ratio of 28.09, a PEG ratio of 0.25 and a beta of 0.92.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Scotiabank boosted their price objective on shares of Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Royal Bank of Canada upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $20.00 in a research note on Wednesday, May 29th. CIBC upped their price target on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.50.

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.