Brokers Offer Predictions for Eldorado Gold FY2025 Earnings

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at Cormark reduced their FY2025 earnings per share estimates for shares of Eldorado Gold in a note issued to investors on Wednesday, January 29th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $1.87 per share for the year, down from their prior estimate of $2.00. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Several other brokerages have also recently issued reports on EGO. TD Securities reduced their target price 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 objective on Eldorado Gold from $20.00 to $18.50 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered Eldorado Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of "Hold" and an average target price of $20.50.

Eldorado Gold Stock Performance

NYSE:EGO traded up $0.32 during midday trading on Friday, hitting $15.54. The company's stock had a trading volume of 1,770,784 shares, compared to its average volume of 1,445,506. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. Eldorado Gold has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The firm's 50 day moving average is $15.49 and its 200-day moving average is $16.47. The firm has a market cap of $3.18 billion, a P/E ratio of 11.59 and a beta of 0.93.

Hedge Funds Weigh In On Eldorado Gold

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc increased its position in shares of Eldorado Gold by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock valued at $3,737,000 after buying an additional 804 shares in the last quarter. Blue Trust Inc. raised its position in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after acquiring an additional 1,336 shares during the period. Financial Management Professionals Inc. purchased a new position in Eldorado Gold during the third quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold in the third quarter valued at about $36,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Eldorado Gold by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company's stock worth $2,499,000 after purchasing an additional 2,472 shares during the last quarter. 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.