Analysts Issue Forecasts for Eldorado Gold FY2025 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at Cormark lowered their FY2025 earnings per share estimates for Eldorado Gold in a research note issued to investors on Wednesday, January 29th. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $1.87 for the year, down from their previous estimate of $2.00. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

EGO has been the subject of several other reports. Scotiabank lowered their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, TD Securities decreased their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Eldorado Gold presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $15.42 on Friday. The firm’s 50-day moving average is $15.53 and its two-hundred day moving average is $16.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The stock has a market capitalization of $3.16 billion, a P/E ratio of 11.50 and a beta of 0.94. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $331.76 million during the quarter. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. During the same quarter in the prior year, the business posted $0.17 EPS.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors have recently added to or reduced their stakes in EGO. Financial Management Professionals Inc. acquired a new position in shares of Eldorado Gold in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its position in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Eldorado Gold during the third quarter worth approximately $36,000. Point72 DIFC Ltd acquired a new stake in shares of Eldorado Gold in the second quarter worth $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Eldorado Gold in the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 69.58% 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.