Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) – Equities researchers at Desjardins issued their Q3 2020 earnings per share estimates for Eldorado Gold in a research note issued to investors on Friday, April 12th. Desjardins analyst J. Wolfson anticipates that the basic materials company will post earnings per share of ($0.01) for the quarter. Desjardins currently has a “Hold” rating on the stock.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 21st. The basic materials company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. The firm had revenue of $92.80 million during the quarter, compared to analyst estimates of $97.60 million.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Tuesday, February 5th. TD Securities raised shares of Eldorado Gold from a “reduce” rating to a “hold” rating and increased their target price for the stock from $3.50 to $4.50 in a report on Wednesday, February 6th. ValuEngine lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BMO Capital Markets reissued a “hold” rating on shares of Eldorado Gold in a report on Monday, December 17th. Finally, National Bank Financial raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.11.
Eldorado Gold stock opened at $4.48 on Monday. The company has a market capitalization of $724.14 million, a P/E ratio of -26.35, a PEG ratio of 8.97 and a beta of 1.72. Eldorado Gold has a 12-month low of $2.52 and a 12-month high of $6.05. The company has a quick ratio of 2.66, a current ratio of 3.63 and a debt-to-equity ratio of 0.18.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in Eldorado Gold by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 13,649 shares during the period. Signition LP bought a new position in Eldorado Gold in the 4th quarter worth approximately $43,000. Acadian Asset Management LLC bought a new position in Eldorado Gold in the 4th quarter worth approximately $98,000. Jane Street Group LLC boosted its stake in Eldorado Gold by 542.8% in the 3rd quarter. Jane Street Group LLC now owns 1,276,013 shares of the basic materials company’s stock worth $1,127,000 after purchasing an additional 1,077,519 shares during the period. Finally, Nordea Investment Management AB bought a new position in Eldorado Gold in the 3rd quarter worth approximately $5,896,000. 42.42% of the stock is owned by institutional investors.
About Eldorado Gold
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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