Eldorado Gold Stock Earnings Estimates Cut by Scotiabank

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Scotiabank reduced their FY2027 EPS estimates for Eldorado Gold in a research note issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $6.64 for the year, down from their prior estimate of $6.96. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$728.69 million for the quarter. Eldorado Gold had a net margin of 31.67% and a return on equity of 11.96%.

A number of other analysts also recently weighed in on ELD. Bank of America upgraded shares of Eldorado Gold from an “underperform” rating to a “buy” rating and boosted their target price for the stock from C$32.00 to C$54.00 in a report on Tuesday, September 22nd. Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, September 17th. National Bank Financial lowered their price target on shares of Eldorado Gold from C$74.00 to C$68.00 and set an “outperform” rating for the company in a report on Monday. Jefferies Financial Group upgraded Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, ATB Cormark Capital Markets reduced their price objective on Eldorado Gold from C$64.00 to C$61.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average target price of C$58.75.

Eldorado Gold Price Performance

ELD stock opened at C$46.72 on Thursday. Eldorado Gold has a 52 week low of C$35.75 and a 52 week high of C$69.46. The company has a quick ratio of 2.27, a current ratio of 1.42 and a debt-to-equity ratio of 28.90. The company has a fifty day simple moving average of C$54.61 and a two-hundred day simple moving average of C$51.03. The firm has a market capitalization of C$12.20 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 56.20 and a beta of 1.68.

Insider Buying and Selling

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total transaction of C$74,798.43. 0.58% of the stock is owned by insiders.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).