Eldorado Gold FY2025 EPS Forecast Reduced by Stifel Canada

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Stifel Canada cut their FY2025 EPS estimates for shares of Eldorado Gold in a note issued to investors on Monday, October 20th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will earn $1.63 per share for the year, down from their previous estimate of $1.71. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2026 earnings at $3.76 EPS and FY2027 earnings at $6.17 EPS.

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

A number of other analysts also recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Eldorado Gold in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a research report on Wednesday, October 8th. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. CIBC upped their target price on shares of Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, Bank of America upped their target price on shares of Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Eldorado Gold Stock Up 1.8%

NYSE:EGO opened at $26.21 on Thursday. The firm’s 50-day moving average price is $26.73 and its 200-day moving average price is $22.34. The company has a market capitalization of $5.33 billion, a PE ratio of 13.17, a P/E/G ratio of 0.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $30.89.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in Eldorado Gold by 99.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 554,300 shares of the basic materials company’s stock valued at $16,004,000 after acquiring an additional 276,000 shares during the period. Net Worth Advisory Group bought a new position in Eldorado Gold during the 3rd quarter valued at about $223,000. TT International Asset Management LTD bought a new position in Eldorado Gold during the 3rd quarter valued at about $1,186,000. Osaic Holdings Inc. lifted its stake in shares of Eldorado Gold by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 29,712 shares of the basic materials company’s stock worth $604,000 after purchasing an additional 2,153 shares during the period. Finally, State of Wyoming bought a new stake in Eldorado Gold during the 2nd quarter worth approximately $58,000. Institutional investors 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.