Eldorado Gold (NYSE:EGO) Announces Earnings Results

Eldorado Gold (NYSE:EGO) (TSE:ELD) posted its quarterly earnings results on Thursday. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13, Zacks reports. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%.

Eldorado Gold Price Performance

NYSE EGO traded up $0.25 on Thursday, hitting $14.70. The company had a trading volume of 2,051,521 shares, compared to its average volume of 1,777,337. The company has a market capitalization of $3.01 billion, a PE ratio of 10.97 and a beta of 0.93. The company’s fifty day moving average price is $15.10 and its 200-day moving average price is $16.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of recent research reports. TD Securities reduced their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Scotiabank cut their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.