Cormark Brokers Raise Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark upped their Q1 2025 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the company will earn $0.34 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s Q1 2025 earnings at $0.34 EPS, FY2025 earnings at $1.53 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $2.46 EPS.

Several other research firms have also commented on ELD. Stifel Nicolaus lowered their price objective on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. National Bankshares lowered their price objective on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Finally, BMO Capital Markets lowered their price objective on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th.

Eldorado Gold Price Performance

Shares of TSE ELD opened at C$19.91 on Friday. The business’s 50 day moving average price is C$21.36 and its 200 day moving average price is C$22.61. The firm has a market cap of C$2.87 billion, a P/E ratio of 10.36, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 52 week low of C$13.90 and a 52 week high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28.

Insider Activity

In other news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total transaction of C$187,540.50. Insiders own 0.58% of the company’s stock.

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.