Eldorado Gold (TSE:ELD) Issues Quarterly Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings data on Thursday. The company reported C$3.29 EPS for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%.The company had revenue of C$767.52 million during the quarter.

Eldorado Gold Trading Up 1.5%

Shares of Eldorado Gold stock opened at C$65.19 on Friday. The business’s 50 day moving average is C$55.63 and its 200-day moving average is C$43.89. Eldorado Gold has a 12-month low of C$18.94 and a 12-month high of C$69.46. The stock has a market cap of C$13.11 billion, a P/E ratio of 36.22, a P/E/G ratio of 56.20 and a beta of 1.44. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ELD shares. Scotiabank upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. ATB Cormark Capital Markets cut their price target on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Canaccord Genuity Group reduced their target price on shares of Eldorado Gold from C$70.00 to C$62.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Stifel Nicolaus lifted their price target on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$47.00 to C$48.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of “Buy” and an average price target of C$58.93.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.