FY2024 EPS Forecast for Eldorado Gold Boosted by Analyst

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at National Bank Financial boosted their FY2024 EPS estimates for Eldorado Gold in a research note issued to investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $2.46 per share for the year, up from their prior estimate 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.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares reduced their price objective on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Stifel Nicolaus reduced their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. Two 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 stock. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$23.61.

Eldorado Gold Trading Down 0.9 %

Shares of ELD stock opened at C$21.23 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 company has a market cap of C$4.35 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 56.20 and a beta of 1.22. The stock has a 50 day simple moving average of C$22.23 and a 200-day simple moving average of C$22.86. Eldorado Gold has a 1-year low of C$13.10 and a 1-year high of C$26.32.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.47 earnings per share for the quarter, beating the consensus estimate of C$0.46 by C$0.01. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. During the same period last year, the firm posted $0.23 earnings per share.

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.