National Bank Financial Estimates Eldorado Gold Q4 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of Eldorado Gold in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings of $0.69 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Several other brokerages also recently issued reports on EGO. TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. Scotiabank decreased their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Stock Up 0.7 %

Eldorado Gold stock opened at $14.50 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. The firm’s fifty day moving average price is $15.31 and its two-hundred day moving average price is $16.39. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.82 and a beta of 0.93. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in Eldorado Gold during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Eldorado Gold during the third quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in Eldorado Gold in the fourth quarter worth approximately $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Eldorado Gold during the 4th quarter valued at $113,000. 69.58% of the stock is owned by institutional investors.

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.