Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD announced its quarterly earnings results on Thursday. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02, Zacks reports. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $331.76 million during the quarter. During the same period in the prior year, the firm earned $0.17 EPS.
Eldorado Gold Stock Performance
EGO traded down $1.03 on Friday, hitting $16.34. 3,144,557 shares of the stock traded hands, compared to its average volume of 1,519,541. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.35 billion, a PE ratio of 19.45 and a beta of 0.95. The business has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $16.33.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on EGO. Royal Bank of Canada boosted their price target on Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. CIBC boosted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Finally, Scotiabank boosted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of "Hold" and an average price target of $19.38.
Check Out Our Latest Report on Eldorado Gold
Eldorado Gold Company Profile
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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 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.
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