Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Analysts at Cormark issued their FY2019 earnings per share (EPS) estimates for Eldorado Gold Corporation in a research report issued on Monday. Cormark analyst R. Gray anticipates that the basic materials company will post earnings of $0.09 per share for the year.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. Eldorado Gold Corporation had a return on equity of 1.40% and a net margin of 1.00%. The company had revenue of $82.70 million during the quarter, compared to analyst estimates of $104.71 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was down 22.8% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://theolympiareport.com/2017/08/12/eldorado-gold-corporation-forecasted-to-earn-fy2019-earnings-of-0-09-per-share-ego-updated.html.

EGO has been the subject of several other reports. ValuEngine downgraded Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Credit Suisse Group set a $2.00 target price on Eldorado Gold Corporation and gave the stock a “hold” rating in a research note on Saturday. Scotiabank reiterated an “outperform” rating and set a $5.75 target price on shares of Eldorado Gold Corporation in a research note on Friday, April 28th. TD Securities reiterated a “buy” rating on shares of Eldorado Gold Corporation in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.64.

Shares of Eldorado Gold Corporation (NYSE EGO) traded down 4.33% on Wednesday, hitting $1.99. The stock had a trading volume of 8,117,706 shares. The stock’s 50-day moving average price is $2.57 and its 200 day moving average price is $3.17. Eldorado Gold Corporation has a 52 week low of $1.98 and a 52 week high of $4.38. The company’s market cap is $1.43 billion.

A number of institutional investors have recently made changes to their positions in EGO. Rehmann Capital Advisory Group bought a new position in shares of Eldorado Gold Corporation during the second quarter valued at $104,000. Karp Capital Management Corp bought a new position in shares of Eldorado Gold Corporation during the first quarter valued at $116,000. Aperio Group LLC boosted its position in shares of Eldorado Gold Corporation by 28.6% in the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock valued at $116,000 after buying an additional 9,745 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Eldorado Gold Corporation by 2.2% in the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock valued at $140,000 after buying an additional 1,148 shares in the last quarter. Finally, World Asset Management Inc boosted its position in shares of Eldorado Gold Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock valued at $152,000 after buying an additional 227 shares in the last quarter. 50.46% of the stock is owned by hedge funds and other institutional investors.

About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

Earnings History and Estimates for Eldorado Gold Corporation (NYSE:EGO)

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