Desjardins Weighs in on Eldorado Gold Corp’s Q2 2018 Earnings (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Stock analysts at Desjardins issued their Q2 2018 EPS estimates for Eldorado Gold in a research report issued on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings of $0.03 per share 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.

Several other research analysts also recently commented on the company. Royal Bank of Canada downgraded Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 target price for the company. in a research note on Wednesday, October 25th. BMO Capital Markets lowered their target price on Eldorado Gold from C$4.00 to C$2.50 and set a “market perform” rating for the company in a research note on Tuesday, September 12th. Scotiabank reissued a “sector perform” rating and set a C$2.50 target price on shares of Eldorado Gold in a research note on Friday, November 17th. Canaccord Genuity lowered their target price on Eldorado Gold from C$2.25 to C$2.00 in a research note on Monday, October 30th. Finally, TD Securities lowered their target price on Eldorado Gold to C$5.15 and set a “buy” rating for the company in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$3.42.

Eldorado Gold (TSE ELD) traded up C$0.01 during mid-day trading on Thursday, reaching C$1.63. The company had a trading volume of 3,379,803 shares, compared to its average volume of 3,324,858. Eldorado Gold has a fifty-two week low of C$1.39 and a fifty-two week 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.

Earnings History and Estimates for Eldorado Gold (TSE:ELD)

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