Cormark Has Weak Forecast for Eldorado Gold FY2027 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark decreased their FY2027 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $4.33 for the year, down from their previous forecast of $4.35. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Several other research analysts have also weighed in on the company. BMO Capital Markets lowered their price objective on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. National Bankshares lowered their price objective on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus lowered their price objective on Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th.

Eldorado Gold Stock Up 0.8 %

Shares of TSE:ELD opened at C$19.91 on Thursday. The business has a fifty day simple moving average of C$21.36 and a 200 day simple moving average of C$22.61. Eldorado Gold has a 12-month low of C$13.90 and a 12-month high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm has a market cap of C$2.87 billion, a P/E ratio of 10.36, a P/E/G ratio of 56.20 and a beta of 1.22.

Insider Activity

In other news, Senior Officer Joseph Dennis Dick sold 9,275 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$20.22, for a total value of C$187,540.50. 0.58% of the stock is currently owned by company insiders.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.