Eldorado Gold (NYSE:EGO) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD issued its earnings results on Thursday. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07), Zacks reports. The business had revenue of $459.53 million for the quarter, compared to the consensus estimate of $401.85 million. Eldorado Gold had a return on equity of 8.90% and a net margin of 26.07%.Get Eldorado Gold alerts:Eldorado Gold Stock Up 2.6%3 High-Momentum Gold Stocks Surging on the Metals RallyShares of NYSE:EGO opened at $21.03 on Friday. The business's 50 day simple moving average is $20.61 and its two-hundred day simple moving average is $17.90. The firm has a market cap of $4.29 billion, a P/E ratio of 10.57, a PEG ratio of 0.34 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.53 and a current ratio of 3.12. Eldorado Gold has a 52-week low of $13.29 and a 52-week high of $21.82. Analysts Set New Price TargetsSeveral analysts recently issued reports on the company. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Scotiabank upped their target price on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank Of Canada boosted their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group lowered their target price on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Eldorado Gold presently has a consensus rating of "Moderate Buy" and an average price target of $23.60.Which of these Gold Mining Stocks is Glittering After Earnings?Get Our Latest Report on Eldorado GoldInstitutional Inflows and OutflowsA hedge fund recently raised its stake in Eldorado Gold stock. Goldman Sachs Group Inc. raised its stake in Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 798,205 shares of the basic materials company's stock after purchasing an additional 266,048 shares during the quarter. Goldman Sachs Group Inc. owned 0.39% of Eldorado Gold worth $13,426,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 69.58% of the company's stock. About Eldorado Gold (Get Free Report)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.See AlsoFive stocks we like better than Eldorado GoldWhat Are Dividend Challengers?Is PG&E an AI Power Play? Why Options Traders Are Betting BigRide Out The Recession With These Dividend Kings MarketBeat Week in Review – 07/28 - 08/01Stock Ratings and Recommendations: Understanding Analyst RatingsWill Hims & Hers Fall Along With Novo Nordisk?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Eldorado Gold Right Now?Before you consider Eldorado Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eldorado Gold wasn't on the list.While Eldorado Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here