Eldorado Gold (NYSE:EGO) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Eldorado Gold (NYSE:EGO) (TSE:ELD) issued its quarterly earnings data on Thursday. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13, Zacks reports. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up $0.25 on Thursday, reaching $14.70. 2,051,721 shares of the company were exchanged, compared to its average volume of 1,777,337. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company’s 50-day moving average is $15.10 and its two-hundred day moving average is $16.30. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 10.97 and a beta of 0.93. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06.

Analysts Set New Price Targets

Several research firms recently commented on EGO. Scotiabank dropped their target price on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research note on Friday, February 7th. TD Securities dropped their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

About Eldorado Gold

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.