FY2027 EPS Estimates for Eldorado Gold Lowered by Scotiabank

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Analysts at Scotiabank reduced their FY2027 earnings estimates for shares of Eldorado Gold in a research report issued to clients and investors on Thursday, May 14th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $5.33 for the year, down from their prior estimate of $5.46. Scotiabank has a “Sector Outperform” rating and a $56.00 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $4.26 per share.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings lowered Eldorado Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lowered Eldorado Gold from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective for the company. in a research note on Tuesday, February 17th. Citigroup downgraded Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research downgraded Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.50.

Eldorado Gold Stock Down 3.3%

Shares of EGO stock opened at $34.36 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18. Eldorado Gold has a one year low of $17.41 and a one year high of $51.16. The company’s fifty day moving average price is $34.88 and its 200-day moving average price is $35.90. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.21 and a beta of 0.56.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC boosted its stake in Eldorado Gold by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock valued at $284,000 after buying an additional 318 shares during the last quarter. Savant Capital LLC increased its stake in Eldorado Gold by 2.7% in the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 371 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock worth $1,794,000 after acquiring an additional 582 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Eldorado Gold by 10.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,406 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 908 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in shares of Eldorado Gold during the 4th quarter valued at approximately $33,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Eldorado Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.68%.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.