Cormark Has Optimistic View of Eldorado Gold FY2024 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark upped their FY2024 earnings per share estimates for Eldorado Gold in a report issued on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the company will earn $2.22 per share for the year, up from their prior estimate of $2.19. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $1.14 EPS.

Several other equities analysts have also issued reports on the company. National Bankshares decreased their price objective on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets cut their price objective on shares of Eldorado Gold from C$31.00 to C$29.00 in a research report on Thursday. Finally, Stifel Nicolaus reduced their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at C$22.34 on Thursday. Eldorado Gold has a 12 month low of C$13.10 and a 12 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$4.57 billion, a PE ratio of 18.62, a PEG ratio of 56.20 and a beta of 1.22. The stock’s fifty day simple moving average is C$22.20 and its 200 day simple moving average is C$22.92.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.01. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. During the same period in the prior year, the business posted $0.23 EPS.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.