Analysts Set Expectations for Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings of $0.43 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $1.75 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The firm had revenue of $297.14 million during the quarter. During the same period in the previous year, the firm earned $0.09 earnings per share.

Several other research analysts have also recently commented on EGO. Scotiabank boosted their target price on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. CIBC upped their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Finally, Royal Bank of Canada boosted their target price on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.38.

Eldorado Gold Trading Down 2.8 %

EGO opened at $18.14 on Thursday. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 31.82 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65. The business has a fifty day moving average price of $17.46 and a 200 day moving average price of $16.23.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Tobam raised its stake in Eldorado Gold by 14.8% during the 2nd quarter. Tobam now owns 5,036 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 651 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Eldorado Gold during the 2nd quarter valued at approximately $74,000. Headlands Technologies LLC purchased a new stake in Eldorado Gold during the 2nd quarter valued at approximately $97,000. Finally, Virtu Financial LLC purchased a new stake in Eldorado Gold during the 1st quarter valued at approximately $165,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.