Scotiabank Increases Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Scotiabank upped their FY2025 earnings per share estimates for shares of Eldorado Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $1.57 per share for the year, up from their prior estimate of $1.14. The consensus estimate for Eldorado Gold's current full-year earnings is $1.42 per share. Scotiabank also issued estimates for Eldorado Gold's FY2026 earnings at $2.06 EPS.

Several other research analysts also recently commented on EGO. StockNews.com downgraded Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.88.

Eldorado Gold Price Performance

EGO stock traded down $0.63 during trading on Monday, hitting $15.34. The stock had a trading volume of 947,160 shares, compared to its average volume of 790,755. The company's 50-day moving average price is $15.80 and its two-hundred day moving average price is $16.56. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06. The stock has a market capitalization of $3.14 billion, a P/E ratio of 11.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results 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. The company had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same period in the previous year, the firm posted $0.17 EPS.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds have recently modified their holdings of EGO. Jennison Associates LLC raised its position in Eldorado Gold by 65.0% in the third quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company's stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company's stock worth $68,149,000 after purchasing an additional 136,900 shares during the last quarter. Equinox Partners Investment Management LLC lifted its position in Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock valued at $17,185,000 after buying an additional 239,800 shares during the last quarter. Tidal Investments LLC boosted its stake in Eldorado Gold by 1.8% during the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company's stock worth $15,783,000 after buying an additional 15,652 shares during the period. Finally, National Bank of Canada FI boosted its stake in Eldorado Gold by 22.9% during the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company's stock worth $11,089,000 after buying an additional 118,760 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

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.