Eldorado Gold Stock Gets Weaker EPS Estimate from Scotiabank

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for Eldorado Gold in a report issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $2.75 for the year, down from their previous estimate of $2.85. Scotiabank currently has a “Sector Outperform” rating and a $47.00 target price on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.71 per share.

A number of other equities research analysts have also commented on the stock. Wall Street Zen lowered shares of Eldorado Gold from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Bank of America raised shares of Eldorado Gold from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $54.00 in a research note on Tuesday, September 22nd. Stifel Nicolaus upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Friday, July 31st. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Finally, Canadian Imperial Bank of Commerce raised Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and an average price target of $46.57.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $34.53 on Friday. The business’s fifty day moving average is $38.67 and its two-hundred day moving average is $36.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 1.42. The firm has a market cap of $9.03 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.35 and a beta of 0.67. Eldorado Gold has a 52 week low of $26.02 and a 52 week high of $51.16.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $511.90 million during the quarter, compared to analyst estimates of $621.90 million. Eldorado Gold had a return on equity of 10.31% and a net margin of 31.67%.

Institutional Investors Weigh In On Eldorado Gold

Institutional investors have recently modified their holdings of the business. Philadelphia Trust Co. lifted its holdings in Eldorado Gold by 7.7% in the third quarter. Philadelphia Trust Co. now owns 30,340 shares of the basic materials company’s stock valued at $1,168,000 after buying an additional 2,179 shares during the period. AlphaCore Capital LLC lifted its stake in shares of Eldorado Gold by 13.9% in the 3rd quarter. AlphaCore Capital LLC now owns 47,876 shares of the basic materials company’s stock valued at $1,843,000 after purchasing an additional 5,845 shares during the period. Leuthold Group LLC boosted its position in shares of Eldorado Gold by 7.8% in the 3rd quarter. Leuthold Group LLC now owns 179,286 shares of the basic materials company’s stock worth $6,901,000 after purchasing an additional 13,019 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of Eldorado Gold by 63.6% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 78,756 shares of the basic materials company’s stock worth $3,031,000 after purchasing an additional 30,627 shares during the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Eldorado Gold by 583.1% in the 3rd quarter. Candriam S.C.A. now owns 243,000 shares of the basic materials company’s stock worth $9,387,000 after purchasing an additional 207,426 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 1st. Eldorado Gold’s dividend payout ratio (DPR) is 10.00%.

About Eldorado Gold

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado’s operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.