FY2025 EPS Estimate for Eldorado Gold Decreased by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at Scotiabank dropped their FY2025 earnings estimates for Eldorado Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $1.26 per share for the year, down from their previous estimate of $1.57. Scotiabank currently has a “Sector Perform” rating and a $16.50 target price on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $0.95 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million.

A number of other research analysts have also recently commented on the stock. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Eldorado Gold presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Trading Up 5.6 %

Shares of NYSE EGO opened at $16.59 on Monday. The business’s 50 day moving average price is $14.76 and its 200-day moving average price is $15.92. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 11.85 and a beta of 1.11.

Institutional Trading of Eldorado Gold

A number of hedge funds have recently added to or reduced their stakes in EGO. Banque Cantonale Vaudoise bought a new stake in shares of Eldorado Gold in the 3rd quarter valued at about $36,000. TD Waterhouse Canada Inc. raised its stake in Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock worth $48,000 after buying an additional 682 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Eldorado Gold in the fourth quarter worth approximately $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Eldorado Gold during the fourth quarter worth $113,000. Finally, Tradition Wealth Management LLC bought a new stake in Eldorado Gold during the 4th quarter valued at $153,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.