Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at National Bank Financial upped their FY2025 earnings estimates for Eldorado Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $2.37 per share for the year, up from their prior forecast of $1.79. The consensus estimate for Eldorado Gold's current full-year earnings is $1.41 per share.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million during the quarter. During the same quarter last year, the firm posted $0.09 earnings per share.
Other analysts have also recently issued research reports about the company. CIBC lifted their price target on Eldorado Gold from $18.00 to $22.50 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Royal Bank of Canada upped their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on shares of Eldorado Gold from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Finally, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $19.38.
Check Out Our Latest Research Report on EGO
Eldorado Gold Trading Down 3.4 %
Shares of NYSE:EGO traded down $0.61 during midday trading on Friday, reaching $17.38. The company's stock had a trading volume of 1,367,075 shares, compared to its average volume of 1,507,909. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 30.56 and a beta of 0.95. The business has a 50 day moving average price of $17.47 and a 200 day moving average price of $16.24. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in shares of Eldorado Gold during the 3rd quarter valued at about $32,000. Blue Trust Inc. boosted its stake in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 1,336 shares during the period. Tobam boosted its stake in shares of Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company's stock valued at $74,000 after purchasing an additional 651 shares during the period. Point72 DIFC Ltd purchased a new stake in Eldorado Gold during the 2nd quarter worth $74,000. Finally, Headlands Technologies LLC acquired a new position in Eldorado Gold in the 2nd quarter worth $97,000. Institutional investors and hedge funds 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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