FY2017 EPS Estimates for Eldorado Gold Corp Raised by Cormark (ELD)
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark boosted their FY2017 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.02 per share for the year, up from their previous estimate of $0.01. Cormark also issued estimates for Eldorado Gold’s FY2018 earnings at ($0.06) EPS.
Several other equities research analysts have also recently commented on ELD. JPMorgan Chase & Co. cut Eldorado Gold from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Canaccord Genuity cut their target price on Eldorado Gold from C$3.25 to C$2.25 in a research note on Tuesday, October 24th. Royal Bank of Canada cut their target price on Eldorado Gold to C$2.00 and set an “underperform” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets cut their target price on Eldorado Gold from C$2.25 to C$1.75 in a research note on Monday, November 13th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$3.11.
Eldorado Gold Company Profile
Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.
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