Cormark Weighs in on Eldorado Gold Corp’s Q3 2017 Earnings (ELD)
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark issued their Q3 2017 earnings estimates for Eldorado Gold Corp in a research note issued on Tuesday. Cormark analyst R. Gray forecasts that the company will earn ($0.01) per share for the quarter. Cormark also issued estimates for Eldorado Gold Corp’s Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at $0.00 EPS.
Other equities analysts have also issued reports about the company. BMO Capital Markets lowered their target price on Eldorado Gold Corp from C$3.50 to C$2.25 and set a “market perform” rating on the stock in a research report on Tuesday. Canaccord Genuity decreased their price target on Eldorado Gold Corp from C$3.25 to C$2.25 in a report on Tuesday. Scotiabank decreased their price target on Eldorado Gold Corp to C$3.60 and set a “sector perform” rating for the company in a report on Tuesday, September 12th. Finally, TD Securities decreased their price target on Eldorado Gold Corp to C$5.15 and set a “buy” rating for the company in a report on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Eldorado Gold Corp currently has an average rating of “Hold” and an average target price of C$4.21.
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Eldorado Gold Corp (TSE ELD) opened at 1.89 on Wednesday. The company has a 50 day moving average of $2.69 and a 200 day moving average of $3.42. The company’s market capitalization is $1.35 billion. Eldorado Gold Corp has a 1-year low of $1.87 and a 1-year high of $5.13.
Eldorado Gold Corp Company Profile
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.
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