Research Analysts Offer Predictions for Eldorado Gold Corp’s FY2019 Earnings (ELD)
Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Research analysts at Desjardins cut their FY2019 EPS estimates for shares of Eldorado Gold in a note issued to investors on Friday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $0.11 for the year, down from their prior forecast of $0.12. Desjardins currently has a “Hold” rating on the stock.
A number of other research firms have also commented on ELD. Canaccord Genuity lowered their price target on shares of Eldorado Gold from C$3.25 to C$2.25 in a research report on Tuesday, October 24th. Royal Bank of Canada lowered shares of Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price target on the stock. in a research report on Wednesday, October 25th. BMO Capital Markets lowered their price target on shares of Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Eight Capital reaffirmed a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$2.50 price target on shares of Eldorado Gold in a research report on Friday, November 17th. One 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 stock presently has an average rating of “Hold” and an average target price of C$3.11.
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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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