Cormark Research Analysts Decrease Earnings Estimates for Eldorado Gold Co. (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) – Research analysts at Cormark cut their FY2022 earnings estimates for Eldorado Gold in a research report issued to clients and investors on Monday, April 18th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.50 per share for the year, down from their previous estimate of $0.51.

Several other equities analysts have also weighed in on the company. TD Securities increased their price objective on Eldorado Gold from $11.50 to $12.50 and gave the company a “hold” rating in a report on Tuesday, March 1st. StockNews.com assumed coverage on Eldorado Gold in a research note on Thursday, March 31st. They set a “hold” rating for the company. National Bank Financial boosted their price objective on Eldorado Gold from C$16.00 to C$17.00 in a research note on Friday, February 4th. Finally, Zacks Investment Research upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has an average rating of “Hold” and a consensus target price of $13.67.

Shares of EGO stock opened at $12.20 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 3.52 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.24 billion, a P/E ratio of -15.44 and a beta of 1.39. The company has a 50 day moving average of $11.16 and a 200-day moving average of $9.92. Eldorado Gold has a 12-month low of $7.45 and a 12-month high of $12.49.

Eldorado Gold (NYSE:EGOGet Rating) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 24th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $244.60 million for the quarter. Eldorado Gold had a negative net margin of 15.18% and a positive return on equity of 3.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC purchased a new stake in Eldorado Gold in the 4th quarter worth approximately $27,000. SG Americas Securities LLC bought a new position in shares of Eldorado Gold in the third quarter worth $82,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Eldorado Gold in the third quarter worth $97,000. Vident Investment Advisory LLC bought a new stake in Eldorado Gold during the third quarter valued at $102,000. Finally, Cetera Advisor Networks LLC grew its position in Eldorado Gold by 11.5% during the third quarter. Cetera Advisor Networks LLC now owns 16,280 shares of the basic materials company’s stock worth $126,000 after buying an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 56.25% of the company’s stock.

Eldorado Gold Company Profile (Get Rating)

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the Certej and Bolcana development projects located in Romania; and 100% interest in the Tocantinzinho development project located in Brazil.

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Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

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