Eldorado Gold (NYSE:EGO) Releases Earnings Results, Beats Expectations By $0.13 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) issued its quarterly earnings results on Thursday. The basic materials company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13, Zacks reports. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%.

Eldorado Gold Stock Performance

NYSE:EGO opened at $13.40 on Friday. The business has a fifty day simple moving average of $15.01 and a two-hundred day simple moving average of $16.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The company has a market capitalization of $2.75 billion, a P/E ratio of 9.57 and a beta of 0.93. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06.

Wall Street Analyst Weigh In

EGO has been the subject of a number of research analyst reports. TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.00.

About Eldorado Gold

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.