Analysts Offer Predictions for Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for Eldorado Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will earn $0.59 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, July 25th. The company reported C$0.45 EPS 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 company had revenue of C$406.56 million for the quarter.

A number of other research analysts also recently commented on the company. Stifel Nicolaus increased their target price on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. National Bankshares increased their target price on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Canaccord Genuity Group increased their target price on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$23.76.

Eldorado Gold Trading Down 3.0 %

TSE:ELD opened at C$24.18 on Thursday. 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 business’s 50 day moving average is C$23.81 and its two-hundred day moving average is C$22.15. Eldorado Gold has a 52 week low of C$13.10 and a 52 week high of C$26.32. The company has a market cap of C$4.95 billion, a PE ratio of 20.15, a P/E/G ratio of 56.20 and a beta of 1.22.

Insider Buying and Selling

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction that occurred 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 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 firm’s 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. 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.

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.