FY2024 EPS Estimates for Eldorado Gold Increased by Analyst

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will earn $2.06 per share for the year, up from their previous forecast of $1.80. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Separately, Stifel Nicolaus cut their price target on Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. Two research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.61.

Eldorado Gold Stock Performance

Shares of ELD opened at C$23.04 on Friday. The firm has a market capitalization of C$4.72 billion, a P/E ratio of 19.20, a PEG ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32. The business has a fifty day moving average of C$22.46 and a 200 day moving average of C$22.79.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.