Eldorado Gold (NYSE:EGO) Issues Quarterly Earnings Results

Eldorado Gold (NYSE:EGO) (TSE:ELD) issued its earnings results on Thursday. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13, Zacks reports. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%.

Eldorado Gold Stock Performance

Shares of EGO stock traded up $0.25 during midday trading on Thursday, hitting $14.70. The company had a trading volume of 2,051,721 shares, compared to its average volume of 1,777,337. The company’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $16.30. Eldorado Gold has a 52-week low of $9.72 and a 52-week high of $19.06. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 10.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EGO. TD Securities dropped their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.