Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) – Investment analysts at Desjardins issued their Q3 2020 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Friday, April 12th. Desjardins analyst J. Wolfson forecasts that the basic materials company will post earnings per share of ($0.01) for the quarter. Desjardins has a “Hold” rating on the stock.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. TD Securities upgraded shares of Eldorado Gold from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $3.50 to $4.50 in a report on Wednesday, February 6th. National Bank Financial upgraded shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, February 1st. BMO Capital Markets upgraded shares of Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price objective on the stock in a report on Friday, February 1st. Finally, CIBC lowered shares of Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.11.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings data on Thursday, February 21st. The basic materials company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Eldorado Gold had a negative net margin of 78.86% and a negative return on equity of 0.47%. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $97.60 million.
A number of hedge funds have recently modified their holdings of EGO. Ruffer LLP acquired a new stake in Eldorado Gold in the 4th quarter valued at $5,126,000. Nordea Investment Management AB acquired a new stake in Eldorado Gold in the 3rd quarter valued at $5,896,000. Norges Bank acquired a new stake in Eldorado Gold in the 4th quarter valued at $4,037,000. Jane Street Group LLC increased its stake in Eldorado Gold by 542.8% in the 3rd quarter. Jane Street Group LLC now owns 1,276,013 shares of the basic materials company’s stock valued at $1,127,000 after buying an additional 1,077,519 shares during the last quarter. Finally, Vanguard Group Inc increased its stake in Eldorado Gold by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 19,383,460 shares of the basic materials company’s stock valued at $17,118,000 after buying an additional 702,354 shares during the last quarter. Hedge funds and other institutional investors own 42.42% of the company’s stock.
Eldorado Gold Company Profile
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 holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
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