Eldorado Gold (EGO) Scheduled to Announce Quarterly Earnings on Thursday

Eldorado Gold (NYSE:EGO) (TSE:ELD) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Eldorado Gold to post earnings of $0.16 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. The firm had revenue of $306.90 million during the quarter. On average, analysts expect Eldorado Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eldorado Gold Price Performance

Shares of EGO opened at $14.96 on Thursday. The business’s 50-day moving average is $12.83 and its 200-day moving average is $12.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 6.37 and a beta of 1.10. Eldorado Gold has a fifty-two week low of $8.30 and a fifty-two week high of $16.01.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Securities dropped their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. CIBC boosted their target price on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Profund Advisors LLC lifted its position in Eldorado Gold by 6.7% during the 4th quarter. Profund Advisors LLC now owns 16,243 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 1,015 shares during the last quarter. UBS Group AG increased its position in Eldorado Gold by 2.2% in the 1st quarter. UBS Group AG now owns 60,485 shares of the basic materials company’s stock worth $627,000 after buying an additional 1,322 shares during the period. Credit Suisse AG lifted its holdings in shares of Eldorado Gold by 0.9% during the fourth quarter. Credit Suisse AG now owns 152,298 shares of the basic materials company’s stock worth $1,273,000 after buying an additional 1,368 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Eldorado Gold by 11.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,571 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Two Sigma Securities LLC increased its position in Eldorado Gold by 4.1% during the first quarter. Two Sigma Securities LLC now owns 43,822 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 1,745 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

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 Efemçukuru mines located in Turkey; Lamaque complex 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.