Cormark Brokers Boost Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Investment analysts at Cormark upped their Q4 2024 earnings per share estimates for shares of Eldorado Gold in a report issued on Monday, November 4th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.68. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold's FY2026 earnings at $3.53 EPS.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group raised their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their target price on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday, October 21st. National Bankshares upped their price target on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Finally, Cibc World Mkts upgraded Eldorado Gold to a "strong-buy" rating in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target of C$23.76.

Eldorado Gold Stock Down 0.7 %

Shares of TSE ELD traded down C$0.17 during mid-day trading on Tuesday, reaching C$22.72. 456,860 shares of the company were exchanged, compared to its average volume of 363,418. The firm has a 50-day moving average of C$23.80 and a 200 day moving average of C$22.31. Eldorado Gold has a 1 year low of C$13.10 and a 1 year 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 stock has a market cap of C$4.65 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 56.20 and a beta of 1.22.

Insider Buying and Selling at Eldorado Gold

In related news, Senior Officer Ryan Swedburg sold 3,553 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total transaction of C$83,234.71. In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, 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 transaction of C$83,234.71. In the last 90 days, insiders have sold 13,920 shares of company stock worth $320,985. 0.58% of the stock is currently owned by 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.