Eldorado Gold Co. (TSE:ELD) Forecasted to Earn Q2 2021 Earnings of $0.14 Per Share


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Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Analysts at Cormark decreased their Q2 2021 earnings estimates for Eldorado Gold in a research note issued on Monday, May 3rd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.18. Cormark also issued estimates for Eldorado Gold’s Q3 2021 earnings at $0.20 EPS, Q4 2021 earnings at $0.21 EPS and FY2022 earnings at $0.91 EPS.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 25th. The company reported C$0.43 EPS for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.01. The business had revenue of C$363.00 million during the quarter.

A number of other research firms have also weighed in on ELD. Credit Suisse Group reiterated an “underperform” rating and issued a C$16.50 price objective on shares of Eldorado Gold in a research report on Monday, January 18th. TD Securities cut their price target on shares of Eldorado Gold from C$13.50 to C$13.00 and set a “hold” rating for the company in a report on Monday, March 1st. National Bankshares lowered their price objective on Eldorado Gold from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, April 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a C$12.25 target price on shares of Eldorado Gold in a research note on Friday, April 30th. Finally, National Bank Financial dropped their price objective on Eldorado Gold to C$18.00 and set an “outperform” rating on the stock in a report on Friday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$16.84.

Shares of ELD stock opened at C$12.81 on Tuesday. The stock’s 50-day moving average price is C$13.94 and its 200 day moving average price is C$15.54. The company has a quick ratio of 2.47, a current ratio of 3.19 and a debt-to-equity ratio of 14.04. The stock has a market capitalization of C$2.33 billion and a PE ratio of 21.35. Eldorado Gold has a 52-week low of C$10.43 and a 52-week high of C$18.90.

In other Eldorado Gold news, Senior Officer Jason Cho sold 6,902 shares of the stock in a transaction on Monday, March 22nd. The stock was sold at an average price of C$14.62, for a total transaction of C$100,879.63. Following the sale, the insider now owns 35,240 shares in the company, valued at approximately C$515,067.84. Also, Senior Officer Peter Dubois Lewis sold 3,282 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of C$14.41, for a total value of C$47,287.06. Following the transaction, the insider now directly owns 42,437 shares of the company’s stock, valued at approximately C$611,432.30. Insiders sold 12,880 shares of company stock worth $186,504 in the last three months.

About Eldorado Gold

Eldorado Gold Corporation and its subsidiaries engage in the exploration, discovery, acquisition, financing, development, production, sale, and reclamation of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore.

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

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