Eldorado Gold (NYSE:EGO) (TSE:ELD) – Equities researchers at Desjardins cut their Q4 2018 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. Desjardins has a “Sell” rating on the stock.

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Several other research firms also recently commented on EGO. Zacks Investment Research upgraded Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Credit Suisse Group upgraded Eldorado Gold from an “underperform” rating to a “neutral” rating and set a $1.60 price objective on the stock in a report on Friday, January 26th. Macquarie upgraded Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 17th. ValuEngine downgraded Eldorado Gold from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Bank of America downgraded Eldorado Gold from a “neutral” rating to an “underperform” rating and set a $1.00 price objective on the stock. in a report on Friday. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $1.25.

EGO opened at $0.97 on Tuesday. The firm has a market cap of $747.16, a price-to-earnings ratio of 48.50, a PEG ratio of 18.82 and a beta of 1.38. Eldorado Gold has a 52 week low of $0.80 and a 52 week high of $3.76. The company has a current ratio of 6.46, a quick ratio of 4.98 and a debt-to-equity ratio of 0.16.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in Eldorado Gold by 4,078.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 61,789 shares in the last quarter. OTA Financial Group L.P. bought a new stake in Eldorado Gold during the 4th quarter valued at $200,000. Two Sigma Securities LLC boosted its position in Eldorado Gold by 133.5% during the 4th quarter. Two Sigma Securities LLC now owns 164,139 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 93,849 shares in the last quarter. AMP Capital Investors Ltd boosted its position in Eldorado Gold by 72.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 70,500 shares in the last quarter. Finally, ING Groep NV boosted its position in Eldorado Gold by 51.1% during the 4th quarter. ING Groep NV now owns 293,060 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 99,108 shares in the last quarter. 51.61% of the stock is currently owned by institutional investors and hedge funds.

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About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

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

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