Zacks: Brokerages Expect Eldorado Gold Co. (NYSE:EGO) to Post $0.10 Earnings Per Share

Equities analysts expect Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) to announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Eldorado Gold’s earnings. Eldorado Gold reported earnings per share of $0.16 in the same quarter last year, which would indicate a negative year-over-year growth rate of 37.5%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Eldorado Gold will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.38 to $0.64. For the next fiscal year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.81 to $1.10. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Eldorado Gold.

Eldorado Gold (NYSE:EGOGet Rating) (TSE:ELD) last released its quarterly earnings data 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 firm had revenue of $244.60 million for the quarter. Eldorado Gold had a negative net margin of 51.36% and a positive return on equity of 2.11%.

Several research analysts have recently commented on EGO shares. National Bank Financial increased their price target on shares of Eldorado Gold from C$18.00 to C$20.00 in a research note on Wednesday, April 20th. StockNews.com started coverage on shares of Eldorado Gold in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Finally, TD Securities increased their price target on shares of Eldorado Gold from $11.50 to $12.50 and gave the stock a “hold” rating in a research note on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.00.

A number of large investors have recently bought and sold shares of EGO. Goldman Sachs Group Inc. grew its stake in Eldorado Gold by 1,952.7% in the 3rd quarter. Goldman Sachs Group Inc. now owns 5,082,064 shares of the basic materials company’s stock valued at $39,284,000 after buying an additional 4,834,490 shares during the last quarter. Norges Bank acquired a new position in Eldorado Gold in the 4th quarter valued at $18,508,000. Donald Smith & CO. Inc. grew its stake in Eldorado Gold by 123.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,666,610 shares of the basic materials company’s stock valued at $20,613,000 after buying an additional 1,474,109 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Eldorado Gold by 77.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,589,442 shares of the basic materials company’s stock valued at $14,861,000 after buying an additional 696,064 shares during the last quarter. Finally, Morgan Stanley grew its stake in Eldorado Gold by 73.0% in the 2nd quarter. Morgan Stanley now owns 1,256,500 shares of the basic materials company’s stock valued at $12,502,000 after buying an additional 530,401 shares during the last quarter. Institutional investors and hedge funds own 58.83% of the company’s stock.

Eldorado Gold stock opened at $9.02 on Thursday. The firm has a market cap of $1.67 billion, a PE ratio of -3.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.66 and a current ratio of 3.62. The firm’s 50 day moving average price is $11.12 and its two-hundred day moving average price is $10.06. Eldorado Gold has a twelve month low of $7.45 and a twelve month high of $12.49.

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, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.

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

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