FY2024 Earnings Estimate for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark lowered their FY2024 earnings estimates for Eldorado Gold in a research note issued on Monday, November 4th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $2.01 for the year, down from their prior estimate of $2.17. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2025 earnings at $2.58 EPS and FY2027 earnings at $4.37 EPS.

Several other research firms have also weighed in on ELD. Stifel Nicolaus upped their target price on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. Canaccord Genuity Group increased their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares lifted their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.76.

Eldorado Gold Price Performance

Eldorado Gold has a fifty-two week low of C$13.10 and a fifty-two week high of C$26.32. The firm has a market cap of C$4.75 billion, a PE ratio of 18.80, a P/E/G ratio of 56.20 and a beta of 1.22. The stock has a fifty day moving average price of C$23.74 and a 200 day moving average price of C$22.32. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85.

Insider Activity at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction that occurred 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. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was 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 Eldorado Gold stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total value of C$83,234.71. In the last quarter, insiders sold 13,920 shares of company stock valued at $320,985. 0.58% of the stock is owned by 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.