Eldorado Gold FY2025 EPS Forecast Decreased by Stifel Canada

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Equities research analysts at Stifel Canada dropped their FY2025 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings of $1.74 per share for the year, down from their prior estimate of $2.07. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Stifel Canada also issued estimates for Eldorado Gold's FY2026 earnings at $1.88 EPS.

A number of other equities research analysts have also recently issued reports on EGO. 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. TD Securities reduced their price target on 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, StockNews.com raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Eldorado Gold currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock traded up $0.08 during trading on Friday, hitting $14.58. 787,793 shares of the stock traded hands, compared to its average volume of 1,773,681. The firm's fifty day moving average is $15.38 and its 200-day moving average is $16.41. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 10.88 and a beta of 0.93. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGO. Jennison Associates LLC lifted its position in Eldorado Gold by 17.5% during the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after acquiring an additional 1,058,137 shares during the period. ANTIPODES PARTNERS Ltd increased its stake in Eldorado Gold by 648.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company's stock valued at $39,408,000 after purchasing an additional 2,296,018 shares in the last quarter. Boston Partners raised its holdings in Eldorado Gold by 3.8% in the fourth quarter. Boston Partners now owns 1,777,646 shares of the basic materials company's stock worth $26,456,000 after buying an additional 64,528 shares during the last quarter. Amundi lifted its stake in shares of Eldorado Gold by 13.6% in the fourth quarter. Amundi now owns 1,095,624 shares of the basic materials company's stock worth $17,585,000 after buying an additional 130,848 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its holdings in shares of Eldorado Gold by 32.0% during 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. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.