Cormark Has Optimistic Outlook of Eldorado Gold Q4 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Cormark raised their Q4 2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Monday, November 4th. Cormark analyst R. Gray now expects that the company will earn $0.70 per share for the quarter, up from their previous estimate of $0.68. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $3.53 EPS.

A number of other equities research analysts also recently weighed in on ELD. National Bankshares upped their target price on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Stifel Nicolaus upped their price objective on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. Canaccord Genuity Group boosted their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and an average target price of C$23.76.

Eldorado Gold Trading Down 0.7 %

Eldorado Gold stock opened at C$22.56 on Tuesday. Eldorado Gold has a 12-month low of C$13.10 and a 12-month high of C$26.32. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The stock has a market capitalization of C$4.62 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The firm has a 50 day simple moving average of C$23.77 and a 200-day simple moving average of C$22.32.

Insider Buying and Selling at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. In other 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 transaction of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Insiders have sold a total of 13,920 shares of company stock valued at $320,985 in the last three months. 0.58% of the stock is currently owned by company insiders.

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.