Desjardins Weighs in on Eldorado Gold Corp’s Q2 2018 Earnings (ELD)
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Investment analysts at Desjardins issued their Q2 2018 earnings per share estimates for shares of Eldorado Gold in a research note issued on Monday. Desjardins analyst J. Wolfson anticipates that the company will post earnings of $0.03 per share for the quarter. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.04 EPS.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada downgraded Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target for the company. in a research note on Wednesday, October 25th. BMO Capital Markets cut their price target on Eldorado Gold from C$4.00 to C$2.50 and set a “market perform” rating on the stock in a report on Tuesday, September 12th. Scotiabank restated a “sector perform” rating and issued a C$2.50 price target on shares of Eldorado Gold in a report on Friday, November 17th. Canaccord Genuity cut their price target on Eldorado Gold from C$2.25 to C$2.00 in a report on Monday, October 30th. Finally, TD Securities cut their price target on Eldorado Gold to C$5.15 and set a “buy” rating on the stock in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of C$3.42.
About Eldorado Gold
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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