Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Cormark cut their FY2018 earnings per share estimates for shares of Eldorado Gold Corporation in a report released on Monday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.01 for the year, down from their prior estimate of $0.02.
Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last released its quarterly 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 negative net margin of 5.02% and a positive return on equity of 0.51%. The business 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 firm earned $0.03 earnings per share. The business’s quarterly revenue was down 18.0% compared to the same quarter last year.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/11/02/cormark-comments-on-eldorado-gold-corporations-fy2018-earnings-ego.html.
Other analysts also recently issued reports about the company. Macquarie downgraded Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada dropped their price objective on Eldorado Gold Corporation from $1.75 to $1.50 and set an “underperform” rating for the company in a research report on Thursday. Scotiabank downgraded Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 price objective for the company. in a research report on Monday, July 31st. Bank of America Corporation downgraded Eldorado Gold Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Canaccord Genuity downgraded Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Eldorado Gold Corporation has a consensus rating of “Hold” and an average target price of $2.88.
Institutional investors have recently made changes to their positions in the business. Shell Asset Management Co. grew its stake in Eldorado Gold Corporation by 2,884.9% in the third quarter. Shell Asset Management Co. now owns 780,973 shares of the basic materials company’s stock valued at $5,896,000 after acquiring an additional 754,809 shares during the period. Balyasny Asset Management LLC grew its stake in Eldorado Gold Corporation by 43.7% in the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 13,889 shares during the period. Intact Investment Management Inc. grew its stake in Eldorado Gold Corporation by 83.9% in the second quarter. Intact Investment Management Inc. now owns 5,351,900 shares of the basic materials company’s stock valued at $18,196,000 after acquiring an additional 2,441,800 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in Eldorado Gold Corporation by 15.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,848,322 shares of the basic materials company’s stock valued at $4,880,000 after acquiring an additional 253,684 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Eldorado Gold Corporation by 29.8% in the first quarter. OppenheimerFunds Inc. now owns 345,178 shares of the basic materials company’s stock valued at $1,177,000 after acquiring an additional 79,318 shares during the period. 55.47% 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.
What are top analysts saying about Eldorado Gold Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eldorado Gold Corporation and related companies.