Cormark Has Optimistic Outlook of Eldorado Gold Q4 Earnings

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Research analysts at Cormark upped their Q4 2025 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Monday, November 3rd. Cormark analyst R. Gray now expects that the basic materials company will earn $0.46 per share for the quarter, up from their prior forecast of $0.45. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The firm had revenue of $436.44 million for the quarter, compared to the consensus estimate of $422.25 million.

Other equities analysts have also issued reports about the company. Bank of America increased their price target on Eldorado Gold from $25.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Wall Street Zen lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. CIBC increased their price target on Eldorado Gold from $32.00 to $46.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at $25.74 on Tuesday. The stock has a 50 day moving average of $27.16 and a 200 day moving average of $22.87. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $30.89. The firm has a market cap of $5.18 billion, a PE ratio of 12.94, a PEG ratio of 0.29 and a beta of 0.44. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On Eldorado Gold

Several institutional investors have recently modified their holdings of the stock. Ruffer LLP raised its holdings in shares of Eldorado Gold by 29.2% in the third quarter. Ruffer LLP now owns 1,412,740 shares of the basic materials company’s stock worth $40,814,000 after buying an additional 319,187 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Eldorado Gold in the third quarter worth approximately $316,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Eldorado Gold by 180.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 30,836 shares of the basic materials company’s stock worth $891,000 after buying an additional 19,843 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its holdings in shares of Eldorado Gold by 26.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 20,000 shares of the basic materials company’s stock worth $578,000 after buying an additional 4,200 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Eldorado Gold in the third quarter worth approximately $927,000. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Company Profile

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.