Stifel Canada Comments on Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Stock analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will earn $0.48 per share for the quarter. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. Stifel Canada also issued estimates for Eldorado Gold's FY2024 earnings at $1.93 EPS.

Several other equities research analysts also recently weighed in on ELD. National Bankshares upped their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday. Cibc World Mkts raised Eldorado Gold to a "strong-buy" rating in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group upped their price objective on Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.76.

Eldorado Gold Trading Down 2.6 %

TSE ELD traded down C$0.66 during trading on Wednesday, hitting C$25.13. The stock had a trading volume of 240,288 shares, compared to its average volume of 359,307. The company has a market capitalization of C$5.15 billion, a PE ratio of 21.49, a PEG ratio of 56.20 and a beta of 1.22. Eldorado Gold has a twelve month low of C$13.10 and a twelve month high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The firm has a 50 day moving average price of C$23.67 and a 200 day moving average price of C$22.07.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, beating analysts' consensus estimates of C$0.36 by C$0.09. The business had revenue of C$406.56 million during the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%.

Insider Buying and Selling

In other news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Insiders have sold 14,988 shares of company stock worth $334,328 in the last quarter. 0.58% of the stock is owned by insiders.

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.