Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Investment analysts at Desjardins dropped their FY2017 earnings per share estimates for shares of Eldorado Gold in a research report issued to clients and investors on Monday. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $0.02 for the year, down from their previous forecast of $0.03. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Eldorado Gold’s Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.10 EPS.
Other analysts have also recently issued research reports about the company. BMO Capital Markets dropped their price objective on Eldorado Gold from C$2.25 to C$1.75 in a research report on Monday, November 13th. Canaccord Genuity dropped their price objective on Eldorado Gold from C$2.25 to C$2.00 in a research report on Monday, October 30th. Eight Capital reiterated a “neutral” rating on shares of Eldorado Gold in a research report on Thursday, November 16th. JPMorgan Chase & Co. cut Eldorado Gold from an “overweight” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$3.11.
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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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