Eldorado Gold Co. Forecasted to Post Q2 2022 Earnings of $0.10 Per Share (TSE:ELD)

Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) – Equities research analysts at National Bank Financial issued their Q2 2022 EPS estimates for Eldorado Gold in a note issued to investors on Wednesday, July 20th. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.10 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.06 per share.

A number of other equities analysts also recently commented on ELD. TD Securities cut their price objective on Eldorado Gold from C$13.50 to C$12.00 and set a “hold” rating on the stock in a report on Monday, May 2nd. Canaccord Genuity Group raised their target price on shares of Eldorado Gold from C$13.00 to C$17.00 in a research note on Friday, April 22nd. National Bankshares decreased their price target on shares of Eldorado Gold from C$19.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday. Haywood Securities cut their price objective on Eldorado Gold from C$20.50 to C$17.50 and set a “buy” rating on the stock in a research report on Tuesday, May 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a C$18.00 price objective on shares of Eldorado Gold in a research report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$14.65.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at C$7.37 on Friday. The business’s fifty day moving average price is C$9.19 and its 200 day moving average price is C$11.77. Eldorado Gold has a twelve month low of C$6.96 and a twelve month high of C$15.73. The company has a current ratio of 3.62, a quick ratio of 2.57 and a debt-to-equity ratio of 15.44. The stock has a market capitalization of C$1.36 billion and a P/E ratio of -2.23.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 28th. The company reported C($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.20). The business had revenue of C$246.60 million for the quarter.

About Eldorado Gold

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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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

See Also

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

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