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 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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