Eldorado Gold (EGO) to Release Quarterly Earnings on Thursday

Eldorado Gold (NYSE:EGO) (TSE:ELD) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $306.90 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. On average, analysts expect Eldorado Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eldorado Gold Price Performance

NYSE:EGO opened at $14.96 on Thursday. Eldorado Gold has a 12-month low of $8.30 and a 12-month high of $16.01. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 6.37 and a beta of 1.10. The company’s 50-day moving average is $12.83 and its two-hundred day moving average is $12.04. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Eldorado Gold by 20.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 29,000 shares of the basic materials company’s stock valued at $376,000 after buying an additional 5,000 shares during the period. Legal & General Group Plc raised its stake in shares of Eldorado Gold by 14.5% in the 4th quarter. Legal & General Group Plc now owns 186,628 shares of the basic materials company’s stock valued at $2,434,000 after acquiring an additional 23,581 shares during the period. Barclays PLC lifted its holdings in shares of Eldorado Gold by 349.3% during the 4th quarter. Barclays PLC now owns 212,713 shares of the basic materials company’s stock valued at $2,758,000 after acquiring an additional 165,367 shares in the last quarter. Vanguard Group Inc. boosted its position in Eldorado Gold by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,774,270 shares of the basic materials company’s stock worth $87,862,000 after purchasing an additional 79,670 shares during the period. Finally, Vident Advisory LLC increased its holdings in Eldorado Gold by 134.9% in the 4th quarter. Vident Advisory LLC now owns 345,759 shares of the basic materials company’s stock valued at $4,484,000 after purchasing an additional 198,580 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EGO has been the topic of several recent analyst reports. CIBC raised their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating on shares of Eldorado Gold in a research note on Friday, January 26th. TD Securities dropped their price objective on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.00.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.