FY2024 EPS Forecast for Eldorado Gold Lifted by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities research analysts at National Bank Financial boosted their FY2024 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 of $1.71 per share 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.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm 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 firm posted $0.17 EPS.

A number of other equities analysts have also recently issued reports on EGO. TD Securities decreased their price objective 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. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.88.

Eldorado Gold Trading Down 0.4 %

NYSE:EGO opened at $14.51 on Monday. The firm has a market capitalization of $2.97 billion, a P/E ratio of 10.82 and a beta of 0.94. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $15.63 and a 200 day moving average of $16.56. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Eldorado Gold during the third quarter valued at approximately $32,000. Blue Trust Inc. increased its position in Eldorado Gold by 232.8% during the 3rd 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 purchased a new position in Eldorado Gold during the third quarter valued at $36,000. Point72 DIFC Ltd bought a new stake in Eldorado Gold in the second quarter worth $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Eldorado Gold in the second quarter worth $191,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.