Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Investment analysts at Scotiabank upped their FY2025 EPS estimates for Eldorado Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings of $1.57 per share for the year, up from their prior estimate of $1.14. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $2.06 EPS.
EGO has been the topic of a number of other research reports. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.88.
Eldorado Gold Stock Performance
NYSE:EGO opened at $15.97 on Monday. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.27 billion, a PE ratio of 11.92 and a beta of 0.94. The firm’s fifty day simple moving average is $15.80 and its 200-day simple moving average is $16.56.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same quarter in the previous year, the business earned $0.17 EPS.
Institutional Trading of Eldorado Gold
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Eldorado Gold by 130.5% during the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock worth $2,885,000 after purchasing an additional 94,040 shares during the last quarter. Navellier & Associates Inc. purchased a new position in Eldorado Gold during the third quarter worth about $878,000. Maverick Capital Ltd. acquired a new stake in Eldorado Gold in the 2nd quarter worth about $1,256,000. Equinox Partners Investment Management LLC grew its holdings in Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after buying an additional 239,800 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Eldorado Gold by 33.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after acquiring an additional 50,500 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.
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.
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