Eldorado Gold Corp to Post FY2018 Earnings of $0.01 Per Share, Cormark Forecasts (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark cut their FY2018 earnings estimates for Eldorado Gold Corp in a note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.01 per share for the year, down from their prior estimate of $0.02.

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Other research analysts have also issued reports about the company. BMO Capital Markets reiterated a “market perform” rating and issued a C$4.00 target price on shares of Eldorado Gold Corp in a report on Tuesday, July 11th. Scotiabank decreased their price target on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a report on Tuesday, September 12th. TD Securities decreased their price target on Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a report on Tuesday, September 12th. Canaccord Genuity decreased their price target on Eldorado Gold Corp from C$3.25 to C$2.25 in a report on Tuesday, October 24th. Finally, Royal Bank Of Canada downgraded Eldorado Gold Corp from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target for the company. in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Eldorado Gold Corp currently has an average rating of “Hold” and an average price target of C$3.70.

Shares of Eldorado Gold Corp (TSE:ELD) traded down 8.62% during mid-day trading on Tuesday, reaching $1.59. The company had a trading volume of 3,838,104 shares. Eldorado Gold Corp has a 52 week low of $1.57 and a 52 week high of $5.13. The company’s market capitalization is $1.14 billion. The stock has a 50 day moving average of $2.59 and a 200-day moving average of $3.33.

About Eldorado Gold Corp

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 Corp (TSE:ELD)

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