Cormark Has Bearish Outlook for Eldorado Gold Q1 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at Cormark cut their Q1 2025 EPS estimates for shares of Eldorado Gold in a note issued to investors on Monday, February 10th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.23 per share for the quarter, down from their previous forecast of $0.32. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold’s Q2 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.29 EPS.

Several other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Scotiabank decreased their target price on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, TD Securities cut their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Eldorado Gold currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at $14.43 on Tuesday. 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 firm has a market cap of $2.96 billion, a P/E ratio of 10.77 and a beta of 0.93. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The firm has a 50-day moving average of $15.35 and a 200-day moving average of $16.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company’s stock worth $3,737,000 after purchasing an additional 804 shares during the period. Blue Trust Inc. grew its position in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Eldorado Gold in the 3rd quarter worth about $32,000. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold in the 3rd quarter worth about $36,000. Finally, Swiss National Bank lifted its position in Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock valued at $6,000,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.