FY2025 EPS Estimates for Eldorado Gold Increased by Analyst

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – National Bank Financial raised their FY2025 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $1.77 per share for the year, up from their previous estimate of $1.72. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2026 earnings at $4.14 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The business had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million.

A number of other analysts also recently commented on the stock. National Bankshares restated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. CIBC reissued an “outperform” rating on shares of Eldorado Gold in a report on Tuesday, July 15th. Scotiabank restated a “sector perform” rating on shares of Eldorado Gold in a research report on Monday, August 11th. Finally, Wall Street Zen raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eldorado Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Eldorado Gold Stock Performance

Shares of EGO opened at $28.56 on Friday. The firm has a market capitalization of $5.81 billion, a PE ratio of 14.35, a P/E/G ratio of 0.44 and a beta of 0.44. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $24.03 and a 200 day moving average price of $20.71. Eldorado Gold has a 52-week low of $13.29 and a 52-week high of $29.24.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Eldorado Gold during the 2nd quarter worth about $32,000. Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold during the second quarter valued at approximately $32,000. Continuum Advisory LLC raised its holdings in shares of Eldorado Gold by 335.3% during the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,945 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 587 shares in the last quarter. Finally, State of Wyoming acquired a new position in Eldorado Gold in the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 69.58% 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.