FY2024 EPS Estimate for Eldorado Gold Increased by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities research analysts at Scotiabank upped their FY2024 earnings per share estimates for Eldorado Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $1.43 for the year, up from their previous forecast of $1.32. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter last year, the firm posted $0.17 earnings per share.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and an average price target of $20.88.

Eldorado Gold Trading Down 0.5 %

NYSE:EGO opened at $15.97 on Friday. The company’s 50 day moving average is $15.81 and its 200-day moving average is $16.53. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 11.92 and a beta of 0.93.

Institutional Trading of Eldorado Gold

A number of hedge funds have recently bought and sold shares of EGO. JPMorgan Chase & Co. lifted its position in shares of Eldorado Gold by 130.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock worth $2,607,000 after acquiring an additional 85,053 shares during the period. Tidal Investments LLC lifted its position in Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock worth $15,783,000 after purchasing an additional 15,652 shares during the period. Sanctuary Advisors LLC boosted its stake in Eldorado Gold by 331.4% during the third quarter. Sanctuary Advisors LLC now owns 138,556 shares of the basic materials company’s stock worth $2,295,000 after buying an additional 106,438 shares in the last quarter. Toronto Dominion Bank increased its holdings in Eldorado Gold by 84.9% in the 3rd quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock valued at $322,000 after buying an additional 8,512 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Eldorado Gold by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company’s stock valued at $1,675,000 after buying an additional 6,629 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.