FY2024 EPS Forecast for Eldorado Gold Lifted by Analyst

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Equities research analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $2.42 for the year, up from their previous forecast of $1.88. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. National Bank Financial also issued estimates for Eldorado Gold's FY2025 earnings at $3.27 EPS.

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

A number of other research analysts also recently commented on ELD. Cibc World Mkts upgraded shares of Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Stifel Nicolaus increased their target price on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday. Finally, National Bankshares boosted their price target on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Eldorado Gold presently has a consensus rating of "Moderate Buy" and an average target price of C$23.76.

Eldorado Gold Stock Down 3.0 %

Shares of Eldorado Gold stock traded down C$0.74 on Friday, hitting C$24.18. 362,914 shares of the company's stock traded hands, compared to its average volume of 359,633. 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's 50-day moving average is C$23.81 and its 200 day moving average is C$22.15. The stock has a market cap of C$4.95 billion, a P/E ratio of 20.15, a PEG ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32.

Insider Buying and Selling

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. In the last 90 days, insiders have sold 14,988 shares of company stock valued at $334,328. Insiders own 0.58% of the company's stock.

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.