Eldorado Gold Corp (ELD) Forecasted to Post FY2017 Earnings of $0.03 Per Share
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Desjardins issued their FY2017 earnings per share estimates for shares of Eldorado Gold in a note issued to investors on Monday. Desjardins analyst J. Wolfson forecasts that the company will earn $0.03 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s FY2018 earnings at $0.09 EPS, FY2019 earnings at $0.12 EPS, FY2020 earnings at $0.12 EPS and FY2021 earnings at $0.09 EPS.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on Eldorado Gold from C$2.25 to C$1.75 in a report on Monday, November 13th. Canaccord Genuity cut their price objective on Eldorado Gold from C$2.25 to C$2.00 in a report on Monday, October 30th. TD Securities cut their price objective on Eldorado Gold to C$5.15 and set a “buy” rating on the stock in a report on Tuesday, September 12th. Eight Capital restated a “neutral” rating on shares of Eldorado Gold in a report on Thursday, November 16th. Finally, J P Morgan Chase & Co downgraded Eldorado Gold from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$3.42.
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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