National Bank Financial Weighs in on Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Eldorado Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.59 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

ELD has been the topic of a number of other research reports. National Bankshares increased their price target on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Canaccord Genuity Group raised their target price on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus raised their price target on Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.76.

Eldorado Gold Stock Down 0.8 %

Shares of ELD opened at C$24.92 on Thursday. Eldorado Gold has a 52 week low of C$13.10 and a 52 week high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The company has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 56.20 and a beta of 1.22. The stock’s 50-day moving average price is C$23.79 and its 200-day moving average price is C$22.11.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The company had revenue of C$406.56 million for the quarter.

Insider Transactions at Eldorado Gold

In other news, Senior Officer Ryan Swedburg sold 3,553 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. In the last ninety days, insiders sold 14,988 shares of company stock valued at $334,328. 0.58% of the stock is currently owned by corporate insiders.

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.