Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Cormark increased their FY2017 earnings per share (EPS) estimates for Eldorado Gold in a note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.02 for the year, up from their previous forecast of $0.01. Cormark also issued estimates for Eldorado Gold’s FY2018 earnings at ($0.06) EPS.
A number of other analysts have also commented on the company. Royal Bank of Canada lowered Eldorado Gold from a “sector perform” rating to an “underperform” rating and set a C$2.35 price objective for the company. in a research report on Wednesday, October 25th. Desjardins reiterated a “hold” rating on shares of Eldorado Gold in a research report on Monday, December 11th. Scotiabank reiterated a “sector perform” rating and issued a C$2.50 price objective on shares of Eldorado Gold in a research report on Friday, November 17th. BMO Capital Markets lowered their price objective on Eldorado Gold from C$3.50 to C$2.25 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Finally, Canaccord Genuity decreased their target price on Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Eldorado Gold currently has an average rating of “Hold” and an average target price of C$3.11.
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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