Q2 2024 EPS Estimates for Eldorado Gold Co. Raised by Analyst (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark upped their Q2 2024 earnings estimates for Eldorado Gold in a report released on Monday, April 29th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.41 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share. Cormark also issued estimates for Eldorado Gold’s Q3 2024 earnings at $0.49 EPS, Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $1.80 EPS, FY2025 earnings at $1.73 EPS and FY2026 earnings at $2.99 EPS.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.05. The firm had revenue of C$417.85 million during the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%.

Other equities analysts also recently issued reports about the company. National Bankshares reduced their target price on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Canaccord Genuity Group increased their price objective on shares of Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Stifel Canada downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. Finally, Bank of America lifted their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$20.69.

Eldorado Gold Price Performance

ELD stock opened at C$19.59 on Thursday. The stock has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$22.01. The stock’s fifty day simple moving average is C$18.47 and its 200-day simple moving average is C$16.89.

Insider Activity

In related news, Senior Officer Sylvain Lehoux sold 5,433 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. In related news, Senior Officer Sylvain Lehoux sold 5,433 shares of Eldorado Gold stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. Insiders have sold 48,880 shares of company stock valued at $836,808 in the last three months. Corporate insiders own 0.69% 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.