Eldorado Gold (ELD) Set to Announce Earnings on Thursday

Eldorado Gold (TSE:ELD) (NYSE:EGO) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Eldorado Gold to post earnings of C$0.20 per share for the quarter.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The company had revenue of C$417.85 million for the quarter.

Eldorado Gold Trading Up 0.7 %

ELD opened at C$19.72 on Wednesday. The company has a market cap of C$4.01 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. The company has a fifty day moving average price of C$17.76 and a two-hundred day moving average price of C$16.58. The company has a current ratio of 3.39, a quick ratio of 2.28 and a debt-to-equity ratio of 18.60. Eldorado Gold has a 1-year low of C$11.38 and a 1-year high of C$22.01.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ELD shares. Canaccord Genuity Group increased their target price on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Finally, Bank of America lifted their target price on Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$19.97.

Insider Buying and Selling

In other news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other Eldorado Gold news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$18.24, for a total transaction of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Over the last 90 days, insiders sold 41,338 shares of company stock worth $684,168. Insiders own 0.69% of the company’s stock.

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.