FY2024 Earnings Estimate for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities research analysts at Cormark boosted their FY2024 earnings estimates for shares of Eldorado Gold in a research report issued on Wednesday, January 29th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $1.54 per share for the year, up from their previous forecast of $1.52. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.49 per share. Cormark also issued estimates for Eldorado Gold’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.79 EPS.

Several other equities analysts also recently commented on the stock. Scotiabank lowered their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, TD Securities dropped their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.50.

Eldorado Gold Stock Up 2.2 %

Eldorado Gold stock opened at $15.42 on Thursday. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The firm’s fifty day simple moving average is $15.53 and its 200-day simple moving average is $16.49. The company has a market capitalization of $3.16 billion, a P/E ratio of 11.50 and a beta of 0.94.

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

Institutional Inflows and Outflows

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

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.