Brokers Set Expectations for Eldorado Gold FY2024 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – National Bank Financial lifted their FY2024 EPS estimates for Eldorado Gold in a note issued to investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $2.46 for the year, up from their prior forecast of $2.24. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $2.35 EPS and FY2026 earnings at $3.25 EPS.

Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus dropped their price objective on Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. National Bankshares cut their price target on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$23.61.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at C$21.42 on Monday. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The firm’s fifty day moving average price is C$22.24 and its 200 day moving average price is C$22.85. The company has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 12-month low of C$13.10 and a 12-month high of C$26.32.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.