Eldorado Gold Corp to Post FY2018 Earnings of $0.00 Per Share, Desjardins Forecasts (ELD)

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Desjardins lowered their FY2018 EPS estimates for Eldorado Gold in a research report issued on Thursday. Desjardins analyst J. Wolfson now anticipates that the company will earn $0.00 per share for the year, down from their previous forecast of $0.07. Desjardins currently has a “Sell” rating and a $1.00 target price on the stock. Desjardins also issued estimates for Eldorado Gold’s FY2019 earnings at ($0.04) EPS and FY2020 earnings at ($0.01) EPS.

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Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their target price on shares of Eldorado Gold from C$2.00 to C$1.25 in a research report on Friday. Eight Capital dropped their target price on shares of Eldorado Gold from C$1.60 to C$1.30 in a research report on Friday. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$1.50 target price on shares of Eldorado Gold in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$2.10.

Eldorado Gold (TSE ELD) opened at C$1.17 on Monday. Eldorado Gold has a 1 year low of C$1.15 and a 1 year high of C$5.13. The company has a market cap of $1,120.00, a P/E ratio of -58.50 and a beta of 0.80.

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About Eldorado Gold

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

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

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