Eldorado Gold Corp (USA) (EGO) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Eldorado Gold Corp (USA) (EGO) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.01. The company posted revenue of $107.10 million in the period, compared to analysts expectations of $192.94 million. The company’s revenue was down -14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Eldorado Gold Corp (USA). Eldorado Gold Corp (USA) was Downgraded by Credit Suisse to ” Neutral” on Jul 22, 2016. Eldorado Gold Corp (USA) was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016. Eldorado Gold Corp (USA) was Upgraded by Dundee to ” Buy” on May 9, 2016.

Eldorado Gold Corp (USA) opened for trading at $4.34 and hit $4.38 on the upside on Thursday, eventually ending the session at $4.3, with a gain of 0.23% or 0.01 points. The heightened volatility saw the trading volume jump to 40,66,002 shares. Company has a market cap of $3,081 M.

Eldorado Gold Corp owns and operates mines around the world. The Company’s activities involve various facets of the mining industry including exploration development production and reclamation. Its operating gold mines include Kisladag in Turkey (100%) Efemcukuru in Turkey (100%) Tanjianshan in China (90%) White Mountain in China (95%) and Jinfeng in China (82%). Its gold projects include Perama Hill in Greece (100%) Olympias in Greece (95%) Skouries in Greece (95%) Certej in Romania (81%) Eastern Dragon in China (75%) and Tocantinzinho in Brazil (100%). Its other operating mines include Stratoni Lead and Zinc Concentrates in Greece (95%) and Vila Nova Iron Ore in Brazil (100%). The Company has completed an exploration program in Romania at the Bocsa Magura Muncel Brad and Deva projects which are situated in the Apuseni district near the Certej deposit.

Eldorado Gold Corp (USA)

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