Eldorado Gold Corporation (EGO) Releases Quarterly Earnings Results

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, Briefing.com reports. Eldorado Gold Corporation had a net margin of 1.00% and a return on equity of 1.41%. The firm had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. During the same period last year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was down 22.8% on a year-over-year basis.

Eldorado Gold Corporation (NYSE EGO) opened at 1.89 on Thursday. The company’s 50-day moving average is $2.28 and its 200-day moving average is $3.05. Eldorado Gold Corporation has a one year low of $1.77 and a one year high of $4.34. The firm’s market cap is $1.35 billion.

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A number of equities analysts have weighed in on the stock. Credit Suisse Group downgraded shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price for the company. in a research note on Monday, July 31st. Canaccord Genuity downgraded shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research note on Thursday, June 29th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $5.75 target price on shares of Eldorado Gold Corporation in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Eldorado Gold Corporation presently has an average rating of “Hold” and a consensus target price of $4.68.

About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.

Earnings History for Eldorado Gold Corporation (NYSE:EGO)

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