Eldorado Gold Co. (TSE:ELD) to Post FY2022 Earnings of $0.63 Per Share, Cormark Forecasts

Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) – Equities research analysts at Cormark cut their FY2022 earnings per share (EPS) estimates for shares of Eldorado Gold in a report released on Monday, April 18th. Cormark analyst R. Gray now expects that the company will post earnings of $0.63 per share for the year, down from their previous forecast of $0.64. Cormark currently has a “Buy” rating and a $22.00 target price on the stock.

ELD has been the topic of several other reports. National Bankshares lowered their target price on shares of Eldorado Gold from C$17.50 to C$16.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 19th. BMO Capital Markets reaffirmed a “buy” rating and set a C$20.00 target price on shares of Eldorado Gold in a report on Monday, February 28th. Finally, National Bank Financial reduced their target price on shares of Eldorado Gold to C$16.00 and set an “outperform” rating on the stock in a report on Wednesday, January 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$14.88.

TSE ELD opened at C$15.36 on Tuesday. Eldorado Gold has a 1 year low of C$9.52 and a 1 year high of C$15.73. The company has a debt-to-equity ratio of 14.06, a current ratio of 3.52 and a quick ratio of 2.58. The stock has a market capitalization of C$2.81 billion and a PE ratio of -16.19. The company’s 50 day simple moving average is C$14.12 and its two-hundred day simple moving average is C$12.47.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 24th. The company reported C$0.18 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.14 by C$0.04. The business had revenue of C$308.38 million for the quarter.

In related news, Senior Officer Nicolae Stanca sold 8,518 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of C$14.24, for a total transaction of C$121,262.25. Following the completion of the sale, the insider now directly owns 107,476 shares of the company’s stock, valued at approximately C$1,530,028.34. Also, Senior Officer Peter Dubois Lewis sold 29,314 shares of the business’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of C$14.44, for a total value of C$423,294.16. Following the transaction, the insider now directly owns 96,520 shares of the company’s stock, valued at C$1,393,748.80. In the last quarter, insiders sold 49,768 shares of company stock worth $716,880.

About Eldorado Gold (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 (TSE:ELD)

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