Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Analysts at Cormark decreased their Q3 2024 earnings per share estimates for Eldorado Gold in a research report issued on Wednesday, October 23rd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.47. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last posted its earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million for the quarter. During the same quarter in the prior year, the business earned $0.09 EPS.
Read Our Latest Analysis on Eldorado Gold
Eldorado Gold Stock Down 3.4 %
EGO stock opened at $17.38 on Monday. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $17.47 and its 200-day moving average is $16.27. The firm has a market capitalization of $3.56 billion, a PE ratio of 20.69 and a beta of 0.95.
Institutional Trading of Eldorado Gold
Large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in Eldorado Gold in the third quarter worth $32,000. Blue Trust Inc. grew its position in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares in the last quarter. Tobam grew its position in shares of Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 651 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Eldorado Gold in the second quarter valued at $74,000. Finally, Headlands Technologies LLC purchased a new position in shares of Eldorado Gold in the second quarter valued at $97,000. 69.58% of the stock is owned by hedge funds and other 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.
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