Brokers Set Expectations for Eldorado Gold’s Q4 2018 Earnings (EGO)

Eldorado Gold (NYSE:EGO) (TSE:ELD) – Research analysts at Desjardins decreased their Q4 2018 EPS estimates for shares of Eldorado Gold in a research note issued on Monday, April 16th, according to Zacks Investment Research. Desjardins analyst J. Wolfson now anticipates that the basic materials company will earn $0.00 per share for the quarter, down from their previous estimate of $0.01. Desjardins currently has a “Sell” rating on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Eldorado Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Scotiabank reduced their price target on shares of Eldorado Gold from $2.00 to $1.50 and set a “hold” rating on the stock in a research report on Friday, March 23rd. Bank of America cut shares of Eldorado Gold from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a research report on Friday, April 13th. TD Securities reduced their price target on shares of Eldorado Gold from $1.60 to $1.20 and set a “hold” rating on the stock in a research report on Friday, March 23rd. Finally, ValuEngine cut shares of Eldorado Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Eldorado Gold presently has an average rating of “Hold” and an average target price of $1.21.



Eldorado Gold stock opened at $0.94 on Tuesday. The company has a market capitalization of $754.31, a P/E ratio of 47.50, a P/E/G ratio of 19.00 and a beta of 1.37. The company has a quick ratio of 4.98, a current ratio of 6.46 and a debt-to-equity ratio of 0.16. Eldorado Gold has a 1 year low of $0.80 and a 1 year high of $3.76.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hexavest Inc. lifted its position in shares of Eldorado Gold by 3.0% during the fourth quarter. Hexavest Inc. now owns 19,030,386 shares of the basic materials company’s stock worth $27,340,000 after purchasing an additional 549,135 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Eldorado Gold by 78.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,585,136 shares of the basic materials company’s stock worth $10,847,000 after purchasing an additional 3,341,481 shares in the last quarter. BlackRock Inc. lifted its position in shares of Eldorado Gold by 15.2% during the fourth quarter. BlackRock Inc. now owns 7,281,899 shares of the basic materials company’s stock worth $10,414,000 after purchasing an additional 962,141 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Eldorado Gold by 10.1% during the fourth quarter. Bank of Montreal Can now owns 6,168,146 shares of the basic materials company’s stock worth $8,821,000 after purchasing an additional 563,986 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Eldorado Gold by 31.4% during the fourth quarter. Allianz Asset Management GmbH now owns 5,298,885 shares of the basic materials company’s stock worth $7,697,000 after purchasing an additional 1,264,715 shares in the last quarter. 51.61% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Brokers Set Expectations for Eldorado Gold’s Q4 2018 Earnings (EGO)” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2018/04/25/desjardins-comments-on-eldorado-golds-q4-2018-earnings-ego.html.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

Get a free copy of the Zacks research report on Eldorado Gold (EGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply