Eldorado Gold Co. to Post Q1 2024 Earnings of $0.21 Per Share, Cormark Forecasts (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark decreased their Q1 2024 earnings estimates for Eldorado Gold in a research report issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their prior forecast of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share.

A number of other research analysts also recently commented on the stock. Bank of America boosted their price objective on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. National Bankshares lowered their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday. Finally, Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Three 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 presently has an average rating of “Hold” and a consensus price target of C$19.11.

Eldorado Gold Stock Performance

Shares of ELD opened at C$19.59 on Tuesday. The company’s 50 day moving average price is C$17.66 and its 200 day moving average price is C$16.53. Eldorado Gold has a 52 week low of C$11.38 and a 52 week high of C$22.01. The company has a market capitalization of C$3.98 billion, a PE ratio of 26.84, a PEG ratio of 56.20 and a beta of 1.13. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The business had revenue of C$417.85 million for the quarter.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$18.24, for a total value of C$166,531.20. In other news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$18.24, for a total value of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders sold 41,338 shares of company stock valued at $684,168 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

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.