Cormark Issues Positive Forecast for Eldorado Gold Earnings

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Analysts at Cormark raised their Q1 2025 EPS estimates for shares of Eldorado Gold in a research note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the basic materials company will earn $0.31 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank raised their target price on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, Royal Bank of Canada upped their price target on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.38.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $19.52 on Wednesday. The business's 50-day moving average price is $16.05 and its 200-day moving average price is $16.00. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $20.65. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.94 and a beta of 0.81.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Jennison Associates LLC increased its holdings in Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Eldorado Gold by 130.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock valued at $2,607,000 after acquiring an additional 85,053 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Eldorado Gold during the 4th quarter valued at $55,000. Barclays PLC grew its holdings in Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after purchasing an additional 27,667 shares during the period. Finally, Swiss National Bank increased its stake in Eldorado Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 403,620 shares of the basic materials company's stock valued at $6,000,000 after purchasing an additional 2,500 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.

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