FY2024 EPS Forecast for Eldorado Gold Raised by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $1.71 for the year, up from their previous forecast of $1.62. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.44 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.63 EPS and FY2026 earnings at $2.26 EPS.

EGO has been the topic of a number of other research reports. TD Securities dropped their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.88.

Eldorado Gold Stock Down 0.4 %

Shares of NYSE:EGO opened at $14.51 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The business has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $16.57. The firm has a market capitalization of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter in the previous year, the company posted $0.17 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of Eldorado Gold in the third quarter valued at approximately $32,000. Blue Trust Inc. increased its position in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold during the 3rd quarter worth $36,000. Point72 DIFC Ltd acquired a new stake in Eldorado Gold in the 2nd quarter valued at about $74,000. Finally, Net Worth Advisory Group purchased a new position in Eldorado Gold during the 3rd quarter valued at about $198,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

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.