Equities Analysts Offer Predictions for Eldorado Gold Corp’s Q2 2018 Earnings (ELD)
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Analysts at Desjardins issued their Q2 2018 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued to investors on Monday. Desjardins analyst J. Wolfson forecasts that the company will post earnings per share of $0.03 for the quarter. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.04 EPS.
Other analysts have also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Eldorado Gold from C$2.25 to C$1.75 in a research note on Monday, November 13th. Canaccord Genuity reduced their price objective on shares of Eldorado Gold from C$2.25 to C$2.00 in a research note on Monday, October 30th. TD Securities reduced their price objective on shares of Eldorado Gold to C$5.15 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Eight Capital reissued a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. Finally, J P Morgan Chase & Co cut shares of Eldorado Gold from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Eldorado Gold has a consensus rating of “Hold” and a consensus price target of C$3.42.
Shares of Eldorado Gold (ELD) traded down C$0.01 during midday trading on Thursday, hitting C$1.62. 1,526,629 shares of the stock were exchanged, compared to its average volume of 3,324,630. Eldorado Gold has a 1 year low of C$1.39 and a 1 year high of C$5.13.
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About Eldorado Gold
Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.
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