Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Eldorado Gold in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the basic materials company will post earnings per share of $0.35 for the quarter. The consensus estimate for Eldorado Gold's current full-year earnings is $1.41 per share. Stifel Canada also issued estimates for Eldorado Gold's FY2024 earnings at $1.40 EPS.
EGO has been the topic of a number of other reports. CIBC boosted their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an "outperformer" rating in a research note on Wednesday, July 10th. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Monday, July 1st. Scotiabank upped their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Finally, Royal Bank of Canada increased their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.38.
Read Our Latest Research Report on Eldorado Gold
Eldorado Gold Stock Performance
NYSE:EGO traded down $0.52 during midday trading on Wednesday, reaching $18.14. The stock had a trading volume of 1,066,256 shares, compared to its average volume of 1,503,081. The stock has a market cap of $3.71 billion, a P/E ratio of 31.81 and a beta of 0.95. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06. The firm has a fifty day simple moving average of $17.44 and a two-hundred day simple moving average of $16.22.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $297.14 million during the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same period in the prior year, the company earned $0.09 earnings per share.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock worth $33,000 after buying an additional 1,336 shares during the last quarter. Tobam increased its position in Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company's stock worth $74,000 after purchasing an additional 651 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Eldorado Gold in the second quarter valued at approximately $74,000. Headlands Technologies LLC acquired a new position in Eldorado Gold during the second quarter valued at approximately $97,000. Finally, Virtu Financial LLC purchased a new stake in Eldorado Gold during the first quarter worth approximately $165,000. Hedge funds and other institutional investors own 69.58% of the company's stock.
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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