Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Cormark increased their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research report issued to clients and investors on Wednesday, January 29th. Cormark analyst R. Gray now expects that the basic materials company will earn $1.54 per share for the year, up from their previous forecast of $1.52. The consensus estimate for Eldorado Gold's current full-year earnings is $1.49 per share. Cormark also issued estimates for Eldorado Gold's Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.39 EPS and Q4 2025 earnings at $0.79 EPS.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS 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 business had revenue of $331.76 million for the quarter. During the same period in the previous year, the firm earned $0.17 EPS.
A number of other research firms have also recently commented on EGO. TD Securities cut their target price on Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Scotiabank decreased their target price on shares of 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 downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Eldorado Gold presently has an average rating of "Hold" and an average price target of $20.50.
Read Our Latest Analysis on EGO
Eldorado Gold Stock Up 2.2 %
Shares of Eldorado Gold stock traded up $0.33 during midday trading on Thursday, hitting $15.42. The company had a trading volume of 1,899,926 shares, compared to its average volume of 1,394,509. Eldorado Gold has a 52-week low of $9.72 and a 52-week high of $19.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a market capitalization of $3.16 billion, a P/E ratio of 11.50 and a beta of 0.94. The company has a 50 day moving average of $15.55 and a 200 day moving average of $16.50.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EGO. Allspring Global Investments Holdings LLC lifted its stake in shares of Eldorado Gold by 12.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,300 shares of the basic materials company's stock worth $3,376,000 after purchasing an additional 25,300 shares during the period. Jennison Associates LLC raised its position 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 acquiring an additional 1,058,137 shares during the period. Perpetual Ltd bought a new position in Eldorado Gold in the fourth quarter worth approximately $425,000. JPMorgan Chase & Co. boosted its stake 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 worth $2,607,000 after acquiring an additional 85,053 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Eldorado Gold by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after purchasing an additional 15,652 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.
About Eldorado Gold
(
Get Free Report)
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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