FY2024 Earnings Forecast for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Stock analysts at Cormark decreased their FY2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued on Monday, November 4th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $2.01 for the year, down from their prior forecast of $2.17. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold's FY2025 earnings at $2.58 EPS and FY2027 earnings at $4.37 EPS.

A number of other analysts have also commented on the company. National Bankshares boosted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Canaccord Genuity Group raised their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Cibc World Mkts upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus raised their price target on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$23.76.

Eldorado Gold Stock Down 0.7 %

Shares of Eldorado Gold stock traded down C$0.16 during trading hours on Wednesday, reaching C$22.56. The company's stock had a trading volume of 439,310 shares, compared to its average volume of 363,775. The company has a market capitalization of C$4.62 billion, a P/E ratio of 18.62, a P/E/G ratio of 56.20 and a beta of 1.22. The stock's fifty day simple moving average is C$23.77 and its two-hundred day simple moving average is C$22.32. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62.

Insider Activity at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the firm'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 the last three months, insiders have sold 13,920 shares of company stock worth $320,985. Company insiders own 0.58% 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.