Eldorado Gold (TSE:ELD) Announces Quarterly Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) announced its quarterly earnings data on Wednesday. The company reported C$0.70 earnings per share (EPS) for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. The firm had revenue of C$728.69 million during the quarter.

Eldorado Gold Stock Down 6.2%

Eldorado Gold stock opened at C$45.24 on Friday. The firm has a 50 day simple moving average of C$56.09 and a 200 day simple moving average of C$51.26. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. Eldorado Gold has a 1-year low of C$34.50 and a 1-year high of C$69.46. The firm has a market capitalization of C$11.80 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 56.20 and a beta of 1.68.

Insider Activity

In other news, Director Seda Erdemir sold 1,239 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ELD shares. National Bank Financial lifted their target price on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Bank of America upgraded shares of Eldorado Gold from an “underperform” rating to a “buy” rating and increased their price target for the company from C$32.00 to C$54.00 in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets increased their price target on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Stifel Nicolaus raised their price objective on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Finally, Jefferies Financial Group raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$60.50.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).