Cormark Has Optimistic Outlook of Eldorado Gold Q4 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at Cormark raised their Q4 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued to investors on Monday, November 4th. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.49. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.45 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $2.56 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $331.76 million for the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter last year, the company earned $0.17 earnings per share.

A number of other analysts have also weighed in on the company. CIBC upped their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. TD Securities lowered their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday. Royal Bank of Canada raised their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank boosted their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and an average target price of $20.88.

Eldorado Gold Trading Down 0.2 %

NYSE EGO opened at $16.42 on Tuesday. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The firm has a 50 day simple moving average of $17.39 and a 200-day simple moving average of $16.36. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 12.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tacita Capital Inc acquired a new stake in shares of Eldorado Gold in the 3rd quarter worth $467,000. Versor Investments LP raised its stake in shares of Eldorado Gold by 7.0% during the 3rd quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock worth $1,043,000 after buying an additional 3,900 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Eldorado Gold in the third quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in Eldorado Gold during the third quarter worth $394,000. Finally, U S Global Investors Inc. grew its stake in shares of Eldorado Gold by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock worth $4,812,000 after purchasing an additional 15,351 shares during the period. 69.58% of the stock is owned by hedge funds and other 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.