The gold miner reported earnings of 5 cents a share, missing the 6 cents a share analysts' surveyed by Thomson Reuters expected for the quarter. Revenue fell 8.3% year over year to $263.5 million for the quarter, below analysts' estimates of $279.60 million.
Eldorado Gold said gold revenue was $241.2 million for the quarter on sales of 189,321 ounces of gold with an average realized price of $1,274 an ounce.
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The company produced a total of 192,578 ounces of gold in the quarter.
TheStreet Ratings team rates ELDORADO GOLD CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELDORADO GOLD CORP (EGO) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity."
You can view the full analysis from the report here: EGO Ratings Report