Brokers Offer Predictions for Eldorado Gold Corporation’s FY2017 Earnings (EGO)

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Cormark issued their FY2017 earnings per share estimates for Eldorado Gold Corporation in a report released on Monday. Cormark analyst R. Gray forecasts that the basic materials company will post earnings per share of $0.01 for the year.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Eldorado Gold Corporation had a positive return on equity of 0.51% and a negative net margin of 5.02%. The firm had revenue of $95.35 million during the quarter, compared to the consensus estimate of $100.63 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue was down 18.0% on a year-over-year basis.

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Other analysts also recently issued research reports about the stock. Macquarie downgraded shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 12th. Scotiabank downgraded shares of Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 price target for the company. in a research note on Monday, July 31st. Bank of America Corporation downgraded shares of Eldorado Gold Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday. Canaccord Genuity downgraded shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Eldorado Gold Corporation currently has a consensus rating of “Hold” and a consensus price target of $2.93.

A number of large investors have recently modified their holdings of EGO. Karp Capital Management Corp bought a new position in Eldorado Gold Corporation in the first quarter worth approximately $116,000. Vanguard Group Inc. raised its stake in Eldorado Gold Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 15,831,316 shares of the basic materials company’s stock worth $53,984,000 after buying an additional 617,087 shares in the last quarter. Geode Capital Management LLC raised its stake in Eldorado Gold Corporation by 10.1% in the first quarter. Geode Capital Management LLC now owns 343,844 shares of the basic materials company’s stock worth $1,170,000 after buying an additional 31,603 shares in the last quarter. Morgan Stanley raised its stake in Eldorado Gold Corporation by 47.8% in the first quarter. Morgan Stanley now owns 5,560,594 shares of the basic materials company’s stock worth $18,961,000 after buying an additional 1,798,264 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Eldorado Gold Corporation by 76.5% in the first quarter. Bank of America Corp DE now owns 1,196,973 shares of the basic materials company’s stock worth $4,082,000 after buying an additional 518,656 shares in the last quarter. 55.47% of the stock is owned by institutional investors.

Eldorado Gold Corporation Company Profile

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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