Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at Stifel Canada lowered their FY2025 earnings per share estimates for shares of Eldorado Gold in a note issued to investors on Monday, April 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will earn $1.56 per share for the year, down from their previous forecast of $1.74. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.
Several other research firms also recently weighed in on EGO. Scotiabank lifted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday. Finally, Royal Bank of Canada increased their target price 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.38.
Check Out Our Latest Research Report on EGO
Eldorado Gold Trading Down 1.9 %
EGO traded down $0.36 during trading on Tuesday, hitting $19.05. 1,196,464 shares of the stock were exchanged, compared to its average volume of 1,574,623. 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 firm has a 50 day simple moving average of $16.26 and a 200 day simple moving average of $16.04. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 13.61 and a beta of 0.81. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $20.65.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%.
Institutional Trading of Eldorado Gold
A number of institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its stake in Eldorado Gold by 26.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 682 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Eldorado Gold by 0.3% during 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Eldorado Gold by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company's stock valued at $2,664,000 after acquiring an additional 1,174 shares during the period. Alliancebernstein L.P. raised its stake in Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in Eldorado Gold by 335.3% during the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,945 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.
About Eldorado Gold
(
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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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