What is Cormark's Forecast for Eldorado Gold Q1 Earnings?

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Equities researchers at Cormark decreased their Q1 2025 earnings per share estimates for shares of Eldorado Gold in a report released on Monday, February 10th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.32. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold's Q2 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.29 EPS.

A number of other equities analysts have also weighed in on EGO. TD Securities decreased their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating for the company in a report on Monday, November 4th. Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Eldorado Gold Stock Down 5.2 %

Eldorado Gold stock traded down $0.77 during trading hours on Tuesday, hitting $14.09. The stock had a trading volume of 1,421,424 shares, compared to its average volume of 1,748,115. The stock's 50-day moving average price is $15.28 and its 200-day moving average price is $16.38. Eldorado Gold has a 12-month low of $9.72 and a 12-month 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 capitalization of $2.89 billion, a P/E ratio of 10.51 and a beta of 0.93.

Hedge Funds Weigh In On Eldorado Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new position in Eldorado Gold in the third quarter valued at about $32,000. Blue Trust Inc. lifted its stake in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after purchasing an additional 1,336 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold in the third quarter worth approximately $36,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after buying an additional 682 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Eldorado Gold during the fourth quarter valued at approximately $55,000. 69.58% of the stock is currently owned by hedge funds and other 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.