Eldorado Gold (NYSE:EGO) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) released its quarterly earnings data on Thursday. The basic materials company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02, MarketWatch Earnings reports. The company had revenue of $255.92 million during the quarter. Eldorado Gold had a net margin of 16.51% and a return on equity of 2.45%.

Shares of NYSE EGO traded up $0.64 during midday trading on Friday, reaching $12.59. 5,318,910 shares of the stock were exchanged, compared to its average volume of 2,711,899. The company has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $8.54. The stock has a market capitalization of $2.19 billion, a P/E ratio of 15.17, a PEG ratio of 2.97 and a beta of 1.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 1.71. Eldorado Gold has a twelve month low of $4.60 and a twelve month high of $12.74.

EGO has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “sell” rating and issued a $7.75 price objective on shares of Eldorado Gold in a report on Sunday, May 17th. Scotiabank increased their price objective on shares of Eldorado Gold from $11.00 to $12.00 in a report on Monday, July 20th. ValuEngine upgraded shares of Eldorado Gold from a “strong sell” rating to a “sell” rating in a report on Friday, July 10th. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 price objective on shares of Eldorado Gold in a report on Wednesday, May 6th. Finally, TD Securities increased their price objective on shares of Eldorado Gold from $10.00 to $10.50 and gave the company a “hold” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Eldorado Gold has a consensus rating of “Hold” and a consensus price target of $11.75.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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Earnings History for Eldorado Gold (NYSE:EGO)

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