Brokers Offer Predictions for Eldorado Gold FY2024 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stock analysts at Scotiabank raised their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $1.43 per share for the year, up from their prior forecast of $1.32. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share.

Several other research analysts also recently issued reports on EGO. TD Securities reduced their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.88.

Eldorado Gold Trading Down 0.5 %

Shares of EGO opened at $15.97 on Friday. Eldorado Gold has a 52-week low of $9.72 and a 52-week high of $19.06. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 11.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The stock has a fifty day moving average price of $15.81 and a two-hundred day moving average price of $16.53.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same quarter last year, the business earned $0.17 EPS.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in shares of Eldorado Gold during the 3rd quarter valued at $32,000. Blue Trust Inc. lifted its stake in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,336 shares during the period. Banque Cantonale Vaudoise bought a new position in Eldorado Gold during the third quarter worth about $36,000. Point72 DIFC Ltd acquired a new position in shares of Eldorado Gold during the 2nd quarter worth about $74,000. Finally, Headlands Technologies LLC bought a new stake in shares of Eldorado Gold in the 2nd quarter valued at about $97,000. 69.58% of the stock is owned by institutional investors.

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.