Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Stock analysts at Cormark decreased their Q1 2018 earnings per share (EPS) estimates for shares of Eldorado Gold Corporation in a report released on Tuesday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.03. Cormark also issued estimates for Eldorado Gold Corporation’s Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.10 EPS.

Other research analysts have also issued reports about the company. Royal Bank Of Canada set a $4.00 target price on Eldorado Gold Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research report on Thursday, June 29th. Credit Suisse Group set a $2.00 target price on Eldorado Gold Corporation and gave the company a “hold” rating in a research report on Saturday, July 29th. Canaccord Genuity lowered Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Eldorado Gold Corporation currently has a consensus rating of “Hold” and an average price target of $4.18.

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Shares of Eldorado Gold Corporation (NYSE:EGO) traded down 2.731% during trading on Wednesday, reaching $2.315. The company’s stock had a trading volume of 5,381,131 shares. The company has a 50-day moving average price of $2.01 and a 200-day moving average price of $2.82. Eldorado Gold Corporation has a one year low of $1.77 and a one year high of $4.34. The stock’s market cap is $1.66 billion.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. The business had revenue of $82.70 million during the quarter, compared to analyst estimates of $104.71 million. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share.

A number of institutional investors have recently bought and sold shares of the stock. World Asset Management Inc grew its holdings in Eldorado Gold Corporation by 0.5% during the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 227 shares during the period. Essex Investment Management Co. LLC grew its holdings in Eldorado Gold Corporation by 2.2% during the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,148 shares during the period. Advisor Group Inc. grew its holdings in Eldorado Gold Corporation by 2.9% during the second quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 1,882 shares during the period. Capstone Asset Management Co. grew its holdings in Eldorado Gold Corporation by 3.6% during the first quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 2,530 shares during the period. Finally, Aperio Group LLC grew its holdings in Eldorado Gold Corporation by 28.6% during the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 9,745 shares during the period. 55.08% of the stock is currently owned by hedge funds and other institutional investors.

About Eldorado Gold Corporation

Eldorado Gold Corporation (Eldorado) is a 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, Tocantinzinho project and exploration activities in Brazil.

Earnings History and Estimates for Eldorado Gold Corporation (NYSE:EGO)

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