National Bank Financial Predicts Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at National Bank Financial issued their Q3 2024 earnings estimates for Eldorado Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.43 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $1.75 EPS.

Several other analysts have also commented on the stock. CIBC increased their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank upped their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Finally, Royal Bank of Canada upped their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.38.

Eldorado Gold Stock Down 0.8 %

EGO stock opened at $17.99 on Thursday. The company’s 50 day simple moving average is $17.47 and its 200-day simple moving average is $16.24. The firm has a market capitalization of $3.68 billion, a PE ratio of 31.56 and a beta of 0.95. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $297.14 million for the quarter. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. During the same quarter in the prior year, the company earned $0.09 earnings per share.

Hedge Funds Weigh In On Eldorado Gold

A number of large investors have recently bought and sold shares of the stock. Tobam raised its stake in Eldorado Gold by 14.8% during the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 651 shares during the period. Blue Trust Inc. raised its stake in Eldorado Gold by 232.8% during 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 during the period. Financial Management Professionals Inc. purchased a new position in Eldorado Gold during the third quarter worth approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Eldorado Gold by 4.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company’s stock worth $679,000 after purchasing an additional 1,858 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Eldorado Gold by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock worth $2,499,000 after purchasing an additional 2,472 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.