Analysts Set Expectations for Eldorado Gold FY2025 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at Stifel Canada boosted their FY2025 earnings per share estimates for shares of Eldorado Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings of $2.20 per share for the year, up from their previous forecast of $1.60. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2026 earnings at $2.89 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. The company had revenue of $297.14 million during the quarter. During the same period in the prior year, the firm earned $0.09 EPS.

A number of other brokerages also recently weighed in on EGO. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Scotiabank boosted their target price on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Royal Bank of Canada increased their price target on shares of Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, CIBC lifted their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.38.

Eldorado Gold Price Performance

Shares of Eldorado Gold stock opened at $17.99 on Thursday. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. Eldorado Gold has a 1-year low of $9.72 and a 1-year high of $19.06. The firm has a fifty day simple moving average of $17.47 and a 200-day simple moving average of $16.24. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 31.56 and a beta of 0.95.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its position in shares of Eldorado Gold by 130.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock valued at $890,000 after acquiring an additional 35,820 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Eldorado Gold during the 2nd quarter worth $2,238,000. Maverick Capital Ltd. acquired a new position in Eldorado Gold during the 2nd quarter worth approximately $1,256,000. Gabelli Funds LLC grew its position in Eldorado Gold by 2.8% during the 1st quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock worth $28,421,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Equinox Partners Investment Management LLC boosted its position in Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after buying an additional 239,800 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Eldorado Gold Company Profile

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.