Eldorado Gold (NYSE:EGO) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) issued its quarterly earnings data on Thursday. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13, Zacks reports. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million.

Eldorado Gold Stock Down 6.7 %

Eldorado Gold stock traded down $0.99 during midday trading on Friday, hitting $13.68. 936,534 shares of the company’s stock were exchanged, compared to its average volume of 1,750,438. The firm has a 50-day moving average of $15.06 and a two-hundred day moving average of $16.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a market cap of $2.80 billion, a PE ratio of 10.22 and a beta of 0.93.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of recent analyst reports. TD Securities reduced their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Scotiabank reduced their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Eldorado Gold has a consensus rating of “Hold” and a consensus price target of $20.00.

Eldorado Gold Company Profile

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.