Cormark Has Bullish Forecast for Eldorado Gold Q4 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark upped their Q4 2024 earnings per share (EPS) estimates for Eldorado Gold in a research report issued to clients and investors on Monday, November 4th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.68. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $3.53 EPS.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. National Bankshares boosted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group upped their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.76.

Eldorado Gold Price Performance

Eldorado Gold stock opened at C$22.72 on Tuesday. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The company’s fifty day moving average price is C$23.80 and its 200 day moving average price is C$22.31. The stock has a market capitalization of C$4.65 billion, a P/E ratio of 18.72, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the 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. In related news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. Insiders have sold a total of 13,920 shares of company stock worth $320,985 over the last ninety days. 0.58% of the stock is currently owned by company 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.