Cormark Issues Negative Estimate for Eldorado Gold Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark decreased their Q3 2024 earnings per share estimates for shares of Eldorado Gold in a report issued on Wednesday, October 23rd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.65. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The business had revenue of C$406.56 million for the quarter.

ELD has been the topic of several other reports. Cibc World Mkts upgraded Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bankshares boosted their price objective on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Canaccord Genuity Group increased their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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 Monday. Eldorado Gold has a 12 month low of C$13.10 and a 12 month high of C$26.32. 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’s 50 day moving average is C$23.81 and its 200 day moving average is C$22.17. The stock has a market capitalization of C$4.95 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Activity at Eldorado Gold

In other Eldorado Gold 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 value of C$83,234.71. 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 shares were sold at an average price of C$22.27, for a total value of C$136,611.54. 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. Over the last 90 days, insiders sold 14,988 shares of company stock valued at $334,328. Corporate insiders own 0.58% 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.