Brokers Offer Predictions for Eldorado Gold Q4 Earnings

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Research analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of Eldorado Gold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the basic materials company will earn $0.69 per share for the quarter. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Several other research firms have also issued reports on EGO. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. TD Securities reduced 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 report on Monday, November 4th. Finally, Scotiabank reduced their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Eldorado Gold Trading Down 5.9 %

NYSE:EGO traded down $0.87 during trading hours on Thursday, reaching $13.98. 2,277,635 shares of the stock were exchanged, compared to its average volume of 1,906,451. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06. The business has a 50-day moving average of $15.25 and a two-hundred day moving average of $16.35. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 10.43 and a beta of 0.93. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in Eldorado Gold in the third quarter valued at $32,000. Blue Trust Inc. raised its position in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after acquiring an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Eldorado Gold during the third quarter worth approximately $36,000. TD Waterhouse Canada Inc. boosted its holdings in Eldorado Gold by 26.5% in the fourth 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. Finally, SBI Securities Co. Ltd. purchased a new position in Eldorado Gold in the fourth quarter valued at approximately $55,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About Eldorado Gold

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.