Brokers Offer Predictions for Eldorado Gold Co.’s FY2022 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) – Equities researchers at National Bank Financial lifted their FY2022 earnings per share estimates for shares of Eldorado Gold in a report released on Monday, August 1st. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $0.30 per share for the year, up from their previous forecast of $0.29. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.25 per share.

Other equities research analysts also recently issued reports about the company. TheStreet downgraded Eldorado Gold from a “c” rating to a “d+” rating in a report on Wednesday, May 18th. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. TD Securities cut their price target on Eldorado Gold from $8.50 to $7.50 and set a “hold” rating for the company in a research note on Wednesday. Canaccord Genuity Group upgraded Eldorado Gold from a “hold” rating to a “buy” rating and cut their price target for the company from C$17.00 to C$12.00 in a research note on Wednesday, July 20th. Finally, Stifel Nicolaus cut their price objective on Eldorado Gold from C$20.25 to C$18.00 in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $14.10.

Eldorado Gold Price Performance

NYSE EGO opened at $6.05 on Thursday. Eldorado Gold has a one year low of $5.27 and a one year high of $12.49. The stock has a 50-day moving average of $6.68 and a 200 day moving average of $9.01. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.53 and a beta of 1.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EGO. FinTrust Capital Advisors LLC lifted its holdings in Eldorado Gold by 12,500.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,040 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 5,000 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Eldorado Gold in the 1st quarter worth approximately $114,000. Qube Research & Technologies Ltd purchased a new position in Eldorado Gold in the 1st quarter worth approximately $119,000. Banque Cantonale Vaudoise lifted its holdings in Eldorado Gold by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 12,526 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 4,236 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Eldorado Gold by 11.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,571 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 1,550 shares in the last quarter. 58.83% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Company Profile

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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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

Further Reading

Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

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