Cormark Has Negative Estimate for Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Analysts at Cormark lowered their Q3 2024 earnings per share estimates for Eldorado Gold in a research report issued to clients and investors on Wednesday, October 23rd. Cormark analyst R. Gray now expects that the company will earn $0.39 per share for the quarter, down from their prior estimate of $0.65. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share.

Several other research firms have also recently issued reports on ELD. Stifel Nicolaus boosted their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. Cibc World Mkts raised Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. National Bankshares boosted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Canaccord Genuity Group increased their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Three investment 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$23.76.

Eldorado Gold Trading Down 1.5 %

Shares of ELD traded down C$0.36 during trading hours on Monday, reaching C$23.82. 256,945 shares of the company traded hands, compared to its average volume of 359,192. The stock's fifty day moving average price is C$23.81 and its 200 day moving average price is C$22.17. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The firm has a market cap of C$4.88 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 12-month low of C$13.10 and a 12-month high of C$26.32.

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

Insider Buying and Selling

In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. In related news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the business's 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. Insiders sold a total of 14,988 shares of company stock worth $334,328 in the last 90 days. 0.58% of the stock is owned by corporate insiders.

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.