FY2024 EPS Forecast for Eldorado Gold Increased by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Eldorado Gold in a research report issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $1.71 for the year, up from their prior forecast of $1.62. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.46 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 subject of a number of other research reports. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank reduced their price target on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $14.80 on Monday. The company has a market cap of $3.03 billion, a P/E ratio of 11.04 and a beta of 0.94. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The business has a fifty day moving average of $15.62 and a two-hundred day moving average of $16.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its 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. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The business had revenue of $331.76 million during the quarter. During the same period last year, the company posted $0.17 earnings per share.

Institutional Trading of Eldorado Gold

Large investors have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new stake in Eldorado Gold in the 3rd quarter valued at approximately $32,000. Blue Trust Inc. lifted 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 acquiring an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold during the third quarter valued at $36,000. Point72 DIFC Ltd purchased a new stake in Eldorado Gold during the 2nd quarter worth about $74,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Eldorado Gold in the 2nd quarter valued at about $191,000. 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.