Cormark Analysts Boost Earnings Estimates for Eldorado Gold Corp (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Equities researchers at Cormark boosted their Q4 2017 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.01). Cormark also issued estimates for Eldorado Gold’s Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.09 EPS.

ELD has been the topic of several other reports. Royal Bank of Canada lowered Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price on the stock. in a research report on Wednesday, October 25th. Canaccord Genuity dropped their price target on Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Eight Capital reiterated a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. JPMorgan Chase & Co. downgraded Eldorado Gold from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, BMO Capital Markets dropped their price target on Eldorado Gold from C$2.25 to C$1.75 in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$3.11.

Shares of Eldorado Gold (TSE ELD) traded down C$0.02 during trading hours on Friday, reaching C$1.67. The company had a trading volume of 1,283,391 shares, compared to its average volume of 2,165,144. Eldorado Gold has a 12 month low of C$1.39 and a 12 month high of C$5.13. The firm has a market cap of $1,330.00, a price-to-earnings ratio of -83.50 and a beta of 0.74.

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About Eldorado Gold

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

Earnings History and Estimates for Eldorado Gold (TSE:ELD)

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