Cormark Issues Positive Forecast for Eldorado Gold Earnings

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Cormark raised their Q1 2025 earnings estimates for shares of Eldorado Gold in a report issued on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the company will earn $0.34 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold's Q1 2025 earnings at $0.34 EPS, FY2025 earnings at $1.53 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $2.46 EPS.

Several other brokerages have also issued reports on ELD. Stifel Nicolaus cut their price target on Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. National Bankshares cut their target price on shares of Eldorado Gold from C$28.00 to C$27.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 15th. Finally, BMO Capital Markets lowered their price target on shares of Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock traded up C$0.32 during midday trading on Friday, reaching C$19.99. The company had a trading volume of 445,244 shares, compared to its average volume of 430,179. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The stock has a fifty day simple moving average of C$21.31 and a 200 day simple moving average of C$22.60. Eldorado Gold has a 1-year low of C$15.33 and a 1-year high of C$26.32. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

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Insider Buying and Selling

In other Eldorado Gold news, Director George Raymond Burns sold 7,590 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$19.61, for a total transaction of C$148,853.56. Also, Senior Officer Joseph Dennis Dick sold 9,275 shares of Eldorado Gold stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$20.22, for a total transaction of C$187,540.50. Insiders have sold 17,314 shares of company stock valued at $345,200 in the last 90 days. 0.58% of the stock is owned by insiders.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.