Stifel Canada Estimates Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Eldorado Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.48 for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2024 earnings at $1.93 EPS.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The firm had revenue of C$406.56 million for the quarter.

ELD has been the subject of several other research reports. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group lifted their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. National Bankshares lifted their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$23.76.

Eldorado Gold Price Performance

Eldorado Gold stock opened at C$24.92 on Wednesday. Eldorado Gold has a 52 week low of C$13.10 and a 52 week high of C$26.32. The company’s 50 day moving average price is C$23.79 and its two-hundred day moving average price is C$22.11. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The stock has a market cap of C$5.10 billion, a P/E ratio of 20.77, a P/E/G ratio of 56.20 and a beta of 1.22.

Insider Activity

In other news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total transaction of C$83,234.71. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71. Insiders sold 14,988 shares of company stock worth $334,328 in the last three months. Corporate insiders own 0.58% 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.