Eldorado Gold (NYSE:EGO) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) issued its quarterly earnings data on Thursday. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07, Zacks reports. Eldorado Gold had a return on equity of 5.89% and a net margin of 15.67%. The company had revenue of $297.14 million during the quarter. During the same period in the previous year, the business posted $0.09 earnings per share.

Eldorado Gold Trading Up 2.0 %

NYSE EGO traded up $0.32 during trading hours on Friday, hitting $16.01. The company’s stock had a trading volume of 1,138,917 shares, compared to its average volume of 1,093,061. The stock has a fifty day moving average of $15.69 and a 200 day moving average of $14.09. The company has a quick ratio of 2.52, a current ratio of 3.50 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.28 billion, a P/E ratio of 28.09, a PEG ratio of 0.26 and a beta of 0.92. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $17.28.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Scotiabank boosted their target price on Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. CIBC raised their price target on Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Royal Bank of Canada raised Eldorado Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $20.00 in a research note on Wednesday, May 29th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.50.

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.