FY2024 EPS Estimates for Eldorado Gold Increased by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at National Bank Financial raised their FY2024 earnings estimates for Eldorado Gold in a research note issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $1.71 for the year, up from their prior forecast of $1.62. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.44 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.63 EPS and FY2026 earnings at $2.26 EPS.

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

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities dropped 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, November 4th. Five investment analysts have rated the stock with a hold rating and one has 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 Price Performance

Eldorado Gold stock opened at $14.51 on Monday. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.82 and a beta of 0.94. The stock’s 50 day moving average is $15.65 and its 200-day moving average is $16.57. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its stake in Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock worth $104,777,000 after buying an additional 2,376,241 shares during the period. Millennium Management LLC increased its position in shares of Eldorado Gold by 230.6% during the second quarter. Millennium Management LLC now owns 188,529 shares of the basic materials company’s stock worth $2,788,000 after acquiring an additional 332,913 shares in the last quarter. Equinox Partners Investment Management LLC lifted its position 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 acquiring an additional 239,800 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Eldorado Gold in the third quarter valued at approximately $2,626,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Eldorado Gold by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after purchasing an additional 136,900 shares during the last quarter. 69.58% of the stock is owned by 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.