Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Cormark issued their Q3 2017 earnings estimates for shares of Eldorado Gold Corporation in a report released on Tuesday. Cormark analyst R. Gray anticipates that the basic materials company will post earnings of ($0.01) per share for the quarter. Cormark also issued estimates for Eldorado Gold Corporation’s Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at $0.00 EPS.

A number of other analysts have also weighed in on EGO. CIBC lowered shares of Eldorado Gold Corporation from a “sector perform” rating to a “sector underperform” rating in a research note on Wednesday, June 28th. TD Securities reaffirmed a “buy” rating on shares of Eldorado Gold Corporation in a research note on Thursday, June 29th. Royal Bank Of Canada lowered shares of Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $3.75 to $3.50 in a research note on Thursday, June 29th. Credit Suisse Group lowered shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $5.25 to $3.25 in a research note on Thursday, June 29th. Finally, ValuEngine raised shares of Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Eldorado Gold Corporation presently has a consensus rating of “Hold” and a consensus target price of $3.65.

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Shares of Eldorado Gold Corporation (NYSE:EGO) opened at 1.48 on Wednesday. The firm’s market capitalization is $1.06 billion. Eldorado Gold Corporation has a 52-week low of $1.48 and a 52-week high of $3.91. The stock’s 50 day moving average is $2.17 and its 200-day moving average is $2.62.

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

Hedge funds have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group acquired a new stake in shares of Eldorado Gold Corporation during the second quarter valued at approximately $104,000. Karp Capital Management Corp acquired a new stake in shares of Eldorado Gold Corporation during the first quarter valued at approximately $116,000. Aperio Group LLC raised its holdings in shares of 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 valued at $116,000 after acquiring an additional 9,745 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Eldorado Gold Corporation by 43.7% during the second quarter. Balyasny Asset Management LLC now owns 45,641 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 13,889 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in shares of 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 valued at $140,000 after acquiring an additional 1,148 shares during the period. Institutional investors and hedge funds own 55.47% of the company’s stock.

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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