Eldorado Gold Co. Forecasted to Earn Q1 2022 Earnings of $0.04 Per Share (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) – Stock analysts at National Bank Financial issued their Q1 2022 earnings estimates for Eldorado Gold in a research note issued to investors on Tuesday, April 19th. National Bank Financial analyst M. Parkin expects that the basic materials company will earn $0.04 per share for the quarter. National Bank Financial also issued estimates for Eldorado Gold’s FY2022 earnings at $0.68 EPS and FY2023 earnings at $1.04 EPS.

A number of other equities analysts also recently commented on EGO. TD Securities lifted their price objective on Eldorado Gold from $11.50 to $12.50 and gave the stock a “hold” rating in a research report on Tuesday, March 1st. Zacks Investment Research upgraded Eldorado Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, March 22nd. Finally, StockNews.com started coverage on Eldorado Gold in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.17.

Shares of Eldorado Gold stock opened at $12.11 on Thursday. Eldorado Gold has a one year low of $7.45 and a one year high of $12.49. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -15.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.66 and a current ratio of 3.52. The business’s 50 day moving average price is $11.27 and its 200 day moving average price is $9.95.

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

Large investors have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at $27,000. SG Americas Securities LLC acquired a new stake in shares of Eldorado Gold in the third quarter valued at $82,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Eldorado Gold in the third quarter valued at $97,000. Vident Investment Advisory LLC acquired a new stake in shares of Eldorado Gold in the third quarter valued at $102,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of Eldorado Gold by 11.5% in the third quarter. Cetera Advisor Networks LLC now owns 16,280 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,680 shares in the last quarter. Institutional investors own 56.25% of the company’s stock.

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.

See Also

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

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