Eldorado Gold FY2024 EPS Raised by National Bank Financial

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities researchers at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will earn $2.42 per share for the year, up from their previous forecast of $1.88. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $3.27 EPS.

Several other brokerages have also commented on ELD. Stifel Nicolaus lifted their price target on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group raised their price target on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares boosted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.76.

Eldorado Gold Stock Down 0.8 %

Shares of TSE:ELD opened at C$24.92 on Friday. The firm has a 50 day simple moving average of C$23.79 and a 200-day simple moving average of C$22.11. Eldorado Gold has a twelve month low of C$13.10 and a twelve month high of C$26.32. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The company has a market capitalization of C$5.10 billion, a PE ratio of 20.77, a P/E/G ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The firm had revenue of C$406.56 million during the quarter.

Insider Buying and Selling at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. In the last ninety days, insiders have sold 14,988 shares of company stock worth $334,328. 0.58% of the stock is currently owned by insiders.

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.