FY2024 Earnings Forecast for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark lifted their FY2024 EPS estimates for shares of Eldorado Gold in a research note issued on Thursday, January 16th. Cormark analyst R. Gray now expects that the company will earn $2.19 per share for the year, up from their previous estimate of $2.01. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $3.41 EPS and FY2027 earnings at $5.10 EPS.

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

Eldorado Gold Price Performance

TSE:ELD opened at C$21.42 on Monday. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The firm has a market cap of C$4.39 billion, a PE 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. The company’s 50-day moving average price is C$22.24 and its two-hundred day moving average price is C$22.85.

Eldorado Gold Company Profile

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.