Eldorado Gold Corp (ELD) to Post Q3 2018 Earnings of ($0.04) Per Share, Cormark Forecasts

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Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) – Cormark reduced their Q3 2018 EPS estimates for shares of Eldorado Gold in a note issued to investors on Tuesday, October 16th. Cormark analyst R. Gray now expects that the company will earn ($0.04) per share for the quarter, down from their prior estimate of ($0.03).

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity cut their target price on shares of Eldorado Gold from C$1.45 to C$1.30 in a research note on Thursday. National Bank Financial reiterated an “outperform” rating and issued a C$1.50 target price on shares of Eldorado Gold in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$1.59.

TSE:ELD opened at C$1.18 on Thursday. Eldorado Gold has a 1 year low of C$1.03 and a 1 year high of C$2.76.

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 Tocantinzinho gold project in Brazil.

Further Reading: Compound Annual Growth Rate (CAGR)

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

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