FY2024 EPS Forecast for Eldorado Gold Increased by Analyst

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Analysts at Scotiabank raised their FY2024 earnings estimates for Eldorado Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $2.06 for the year, up from their previous estimate of $1.80. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share.

Separately, Stifel Nicolaus cut their price target on Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of "Moderate Buy" and a consensus target price of C$23.61.

Eldorado Gold Price Performance

ELD stock traded down C$0.38 during mid-day trading on Friday, reaching C$23.04. The company's stock had a trading volume of 162,655 shares, compared to its average volume of 226,837. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The company's 50 day moving average is C$22.46 and its two-hundred day moving average is C$22.79. Eldorado Gold has a fifty-two week low of C$13.10 and a fifty-two week high of C$26.32. The stock has a market cap of C$4.72 billion, a PE ratio of 19.20, a P/E/G ratio of 56.20 and a beta of 1.22.

About Eldorado Gold

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.