Eldorado Gold (NYSE:EGO) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD released its quarterly earnings results on Thursday. The basic materials company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08), Zacks reports. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%.Get Eldorado Gold alerts:Eldorado Gold Stock Performance3 High-Momentum Gold Stocks Surging on the Metals RallyShares of NYSE:EGO traded up $0.42 during midday trading on Thursday, reaching $25.51. 1,473,300 shares of the company's stock traded hands, compared to its average volume of 2,476,280. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. Eldorado Gold has a one year low of $13.29 and a one year high of $30.89. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.29 and a beta of 0.44. The stock has a 50 day moving average of $27.07 and a 200 day moving average of $22.74. Institutional Inflows and OutflowsHedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Eldorado Gold in the 2nd quarter worth approximately $32,000. State of Wyoming purchased a new stake in Eldorado Gold during the second quarter valued at $58,000. Brevan Howard Capital Management LP bought a new position in Eldorado Gold in the second quarter valued at about $223,000. Oxford Asset Management LLP bought a new stake in shares of Eldorado Gold during the 2nd quarter valued at about $292,000. Finally, Osaic Holdings Inc. increased its position in shares of Eldorado Gold by 7.8% during the 2nd quarter. Osaic Holdings Inc. now owns 29,712 shares of the basic materials company's stock valued at $604,000 after purchasing an additional 2,153 shares during the last quarter. Institutional investors own 69.58% of the company's stock. Analyst Upgrades and DowngradesWhich of these Gold Mining Stocks is Glittering After Earnings?A number of brokerages recently commented on EGO. Canaccord Genuity Group raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 22nd. CIBC lifted their target price on shares of Eldorado Gold from $32.00 to $46.00 and gave the company an "outperformer" rating in a research note on Friday, October 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Eldorado Gold in a research report on Wednesday, October 8th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Finally, Scotiabank upped their target price on Eldorado Gold from $25.50 to $33.00 and gave the stock a "sector perform" rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.Read Our Latest Report on EGOEldorado Gold Company Profile (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 GoldStock Splits, Do They Really Impact Investors?Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause MomentWhat is the MACD Indicator and How to Use it in Your TradingNVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth GameHigh Flyers: 3 Natural Gas Stocks for March 2022Hold Ratings, High Rewards? 3 Stocks That Could Defy ExpectationsThis 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. 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