Research Analysts Offer Predictions for Eldorado Gold Co.’s Q3 2022 Earnings (TSE:ELD)

Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) – Equities researchers at Cormark increased their Q3 2022 earnings per share (EPS) estimates for Eldorado Gold in a research report issued on Friday, July 15th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their prior forecast of $0.22. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.05 per share. Cormark also issued estimates for Eldorado Gold’s Q4 2022 earnings at $0.30 EPS.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 28th. The company reported C($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.20). The firm had revenue of C$246.60 million during the quarter.

A number of other brokerages have also recently weighed in on ELD. BMO Capital Markets restated a “buy” rating and issued a C$18.00 price target on shares of Eldorado Gold in a research report on Thursday. TD Securities dropped their price objective on Eldorado Gold from C$13.50 to C$12.00 and set a “hold” rating for the company in a research report on Monday, May 2nd. National Bankshares dropped their price objective on Eldorado Gold from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Tuesday, May 3rd. Haywood Securities dropped their price objective on Eldorado Gold from C$20.50 to C$17.50 and set a “buy” rating for the company in a research report on Tuesday, May 3rd. Finally, Canaccord Genuity Group lifted their price objective on Eldorado Gold from C$13.00 to C$17.00 in a research report on Friday, April 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.05.

Eldorado Gold Trading Down 2.5 %

Shares of ELD stock opened at C$7.14 on Monday. Eldorado Gold has a fifty-two week low of C$6.96 and a fifty-two week high of C$15.73. The stock has a market cap of C$1.32 billion and a P/E ratio of -2.16. The business has a fifty day simple moving average of C$9.52 and a 200-day simple moving average of C$11.92. The company has a quick ratio of 2.57, a current ratio of 3.62 and a debt-to-equity ratio of 15.44.

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, 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.

Featured Stories

Earnings History and Estimates for Eldorado Gold (TSE:ELD)

Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.