FY2024 EPS Estimates for Eldorado Gold Boosted by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stifel Canada boosted their FY2024 earnings estimates for shares of Eldorado Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $1.48 per share for the year, up from their prior forecast of $1.44. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Stifel Canada also issued estimates for Eldorado Gold’s Q4 2024 earnings at $0.54 EPS.

Several other equities analysts also recently weighed in on EGO. TD Securities cut their target price 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. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Scotiabank lowered their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.50.

Eldorado Gold Trading Down 11.3 %

Shares of NYSE EGO opened at $14.01 on Thursday. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The business’s 50 day moving average is $15.45 and its two-hundred day moving average is $16.44. The stock has a market capitalization of $2.87 billion, a P/E ratio of 10.45 and a beta of 0.93.

Institutional Trading of Eldorado Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of EGO. Jennison Associates LLC boosted its stake in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the period. Equinox Partners Investment Management LLC boosted its position in Eldorado Gold by 32.0% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after buying an additional 239,800 shares during the period. Tidal Investments LLC grew its stake in Eldorado Gold by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock worth $15,783,000 after acquiring an additional 15,652 shares in the last quarter. National Bank of Canada FI increased its position in shares of Eldorado Gold by 22.9% during the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock worth $11,089,000 after acquiring an additional 118,760 shares during the period. Finally, U S Global Investors Inc. raised its stake in shares of Eldorado Gold by 5.9% during the third quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock valued at $4,812,000 after acquiring an additional 15,351 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.