FY2024 EPS Estimates for Eldorado Gold Raised by Analyst

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will earn $2.42 per share for the year, up from their prior forecast of $1.88. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $3.27 EPS.

A number of other brokerages have also recently weighed in on ELD. Cibc World Mkts upgraded Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. National Bankshares boosted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$23.76.

Eldorado Gold Stock Performance

Shares of TSE:ELD opened at C$24.18 on Friday. The business’s fifty day moving average price is C$23.81 and its two-hundred day moving average price is C$22.15. Eldorado Gold has a fifty-two week low of C$13.10 and a fifty-two week high of C$26.32. The stock has a market capitalization of C$4.95 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The firm had revenue of C$406.56 million for the quarter.

Insider Activity

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Insiders have sold 14,988 shares of company stock valued at $334,328 over the last 90 days. 0.58% of the stock is owned by company insiders.

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.