FY2025 Earnings Estimate for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at Cormark decreased their FY2025 EPS estimates for Eldorado Gold in a research note issued to investors on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $1.87 per share for the year, down from their prior estimate of $2.00. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank reduced their target price on Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. Finally, TD Securities lowered their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.50.

Eldorado Gold Trading Down 1.3 %

Shares of EGO opened at $15.23 on Friday. The stock has a fifty day moving average price of $15.50 and a two-hundred day moving average price of $16.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold has a 52-week low of $9.72 and a 52-week high of $19.06. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 11.36 and a beta of 0.94.

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

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in Eldorado Gold during the second quarter worth about $1,002,000. Millennium Management LLC lifted its position in shares of Eldorado Gold by 230.6% during the 2nd quarter. Millennium Management LLC now owns 188,529 shares of the basic materials company’s stock worth $2,788,000 after buying an additional 332,913 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Eldorado Gold by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock valued at $2,499,000 after acquiring an additional 2,472 shares during the last quarter. Cetera Investment Advisers increased its position in Eldorado Gold by 61.0% during the 2nd quarter. Cetera Investment Advisers now owns 73,864 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 27,991 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Eldorado Gold in the 2nd quarter valued at approximately $488,000. Institutional investors own 69.58% of the company’s stock.

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.