Eldorado Gold (EGO) Scheduled to Post Quarterly Earnings on Thursday

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Eldorado Gold to post earnings of $0.16 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $306.90 million for the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%. On average, analysts expect Eldorado Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Eldorado Gold Stock Performance

Eldorado Gold stock traded down $0.06 during mid-day trading on Thursday, reaching $14.90. The company's stock had a trading volume of 836,508 shares, compared to its average volume of 1,699,387. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $16.01. The business has a 50 day moving average price of $12.83 and a 200-day moving average price of $12.04. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 6.35 and a beta of 1.10.

Analyst Upgrades and Downgrades

EGO has been the subject of a number of research reports. National Bank Financial restated an "outperform spec overweight" rating on shares of Eldorado Gold in a research note on Monday, April 8th. CIBC boosted their price objective on Eldorado Gold from $16.50 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Stifel Canada downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Stifel Nicolaus reaffirmed a "hold" rating on shares of Eldorado Gold in a research report on Friday, January 26th. Finally, TD Securities reduced their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a "hold" rating for the company in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $14.00.

Institutional Trading of Eldorado Gold

Several hedge funds have recently added to or reduced their stakes in EGO. Arrowstreet Capital Limited Partnership increased its holdings in shares of Eldorado Gold by 234.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,869,793 shares of the basic materials company's stock valued at $40,084,000 after purchasing an additional 2,711,353 shares during the period. Goldman Sachs Group Inc. grew its position in Eldorado Gold by 113.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company's stock valued at $26,629,000 after buying an additional 2,216,406 shares in the last quarter. Royal Bank of Canada increased its stake in Eldorado Gold by 1,043.9% during the 1st quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company's stock valued at $19,945,000 after buying an additional 1,623,765 shares during the period. Mackenzie Financial Corp raised its position in shares of Eldorado Gold by 292.6% during the 1st quarter. Mackenzie Financial Corp now owns 1,347,425 shares of the basic materials company's stock worth $15,113,000 after buying an additional 1,004,239 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Eldorado Gold by 56.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,483,186 shares of the basic materials company's stock worth $27,837,000 after acquiring an additional 893,744 shares during the period. Institutional investors own 69.58% of the company's stock.

Eldorado Gold Company Profile

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.