Cormark Has Optimistic Outlook of Eldorado Gold Q4 Earnings

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at Cormark raised their Q4 2024 EPS estimates for Eldorado Gold in a research note issued on Thursday, January 16th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.57 per share for the quarter, up from their prior forecast of $0.51. The consensus estimate for Eldorado Gold's current full-year earnings is $1.44 per share. Cormark also issued estimates for Eldorado Gold's Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $2.00 EPS.

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

Several other brokerages also recently weighed in on EGO. StockNews.com downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities cut their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has a consensus rating of "Hold" and a consensus target price of $20.88.

Eldorado Gold Stock Down 0.4 %

Shares of Eldorado Gold stock traded down $0.07 during trading hours on Friday, reaching $14.51. 1,282,318 shares of the company were exchanged, compared to its average volume of 1,318,920. The firm has a market cap of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. 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 1 year low of $9.72 and a 1 year high of $19.06. The stock's fifty day moving average is $15.70 and its 200 day moving average is $16.55.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new position in Eldorado Gold in the third quarter valued at approximately $32,000. Blue Trust Inc. boosted its holdings 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 valued at $33,000 after buying an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold in the 3rd quarter valued at $36,000. Point72 DIFC Ltd acquired a new stake in Eldorado Gold during the 2nd quarter worth $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Eldorado Gold in the second quarter valued at $191,000. Institutional investors and hedge funds 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.