Cormark Analysts Boost Earnings Estimates for Eldorado Gold Corp (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark upped their Q4 2017 EPS estimates for Eldorado Gold in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now anticipates that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). Cormark also issued estimates for Eldorado Gold’s Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at ($0.01) EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.09 EPS.

ELD has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded Eldorado Gold from an “overweight” rating to a “neutral” rating in a report on Monday, November 13th. Scotiabank reissued a “sector perform” rating and issued a C$2.50 target price on shares of Eldorado Gold in a research note on Friday, November 17th. BMO Capital Markets cut their target price on Eldorado Gold from C$3.50 to C$2.25 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Eight Capital reissued a “neutral” rating on shares of Eldorado Gold in a research note on Thursday, November 16th. Finally, Desjardins reissued a “hold” rating on shares of Eldorado Gold in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Eldorado Gold presently has a consensus rating of “Hold” and an average price target of C$3.11.

Eldorado Gold (ELD) traded down C$0.02 on Friday, reaching C$1.67. The company’s stock had a trading volume of 1,283,391 shares, compared to its average volume of 2,165,144. The company has a market capitalization of $1,330.00, a P/E ratio of -83.50 and a beta of 0.74. Eldorado Gold has a twelve month low of C$1.39 and a twelve month high of C$5.13.

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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.

Earnings History and Estimates for Eldorado Gold (TSE:ELD)

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