Eldorado Gold (EGO) Set to Announce Earnings on Thursday

Eldorado Gold (NYSE:EGO) (TSE:ELD) is scheduled to release its earnings data after the market closes on Thursday, July 25th. Analysts expect Eldorado Gold to post earnings of $0.25 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Friday, April 26th. The basic materials company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. The company had revenue of $257.97 million during the quarter. Eldorado Gold had a net margin of 11.43% and a return on equity of 4.47%. During the same period in the previous year, the business posted $0.11 earnings per share. On average, analysts expect Eldorado Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eldorado Gold Stock Performance

EGO opened at $16.54 on Wednesday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 0.27 and a beta of 0.92. The company has a fifty day moving average of $15.66 and a 200 day moving average of $14.02. Eldorado Gold has a fifty-two week low of $8.30 and a fifty-two week high of $17.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.52 and a current ratio of 3.50.

Wall Street Analyst Weigh In

A number of brokerages have commented on EGO. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $14.00 to $20.00 in a research note on Wednesday, May 29th. CIBC lifted their price objective on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Finally, Scotiabank lifted their price objective on shares of Eldorado Gold from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.50.

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.