Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at Cormark upped their Q1 2025 earnings per share estimates for shares of Eldorado Gold in a report released on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.23. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold's FY2025 earnings at $1.08 EPS, FY2026 earnings at $1.73 EPS and FY2027 earnings at $3.05 EPS.
Several other research firms have also recently weighed in on EGO. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday. TD Securities reduced their price objective on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Finally, Scotiabank lowered their price objective on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Eldorado Gold has an average rating of "Moderate Buy" and a consensus target price of $20.00.
View Our Latest Stock Report on Eldorado Gold
Eldorado Gold Stock Performance
NYSE EGO traded up $0.26 during midday trading on Friday, hitting $13.82. The company had a trading volume of 1,394,478 shares, compared to its average volume of 1,430,950. The firm has a fifty day simple moving average of $14.83 and a two-hundred day simple moving average of $16.16. Eldorado Gold has a fifty-two week low of $10.93 and a fifty-two week high of $19.06. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 9.87 and a beta of 0.93.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.13. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The business had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million.
Hedge Funds Weigh In On Eldorado Gold
A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its position in 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 acquiring an additional 1,336 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Eldorado Gold during the 3rd quarter worth about $394,000. Versor Investments LP lifted its holdings in Eldorado Gold by 7.0% during the 3rd quarter. Versor Investments LP now owns 60,014 shares of the basic materials company's stock valued at $1,043,000 after purchasing an additional 3,900 shares during the last quarter. Tacita Capital Inc acquired a new position in Eldorado Gold in the third quarter valued at about $467,000. Finally, Banque Cantonale Vaudoise bought a new stake in Eldorado Gold during the third quarter worth about $36,000. 69.58% of the stock is owned by institutional investors and hedge funds.
About Eldorado Gold
(
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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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