Scotiabank Decreases Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Scotiabank decreased their FY2025 earnings estimates for Eldorado Gold in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $1.80 per share for the year, down from their previous forecast of $2.26. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $1.36 EPS.

Several other equities analysts have also weighed in on the stock. National Bankshares increased their price objective on shares of Eldorado Gold from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Cormark decreased their price target on shares of Eldorado Gold from C$33.50 to C$30.00 in a research note on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. Finally, BMO Capital Markets decreased their price target on shares of Eldorado Gold from C$29.00 to C$27.00 in a research note on Friday, February 7th.

Eldorado Gold Price Performance

Shares of ELD opened at C$22.40 on Monday. The firm has a market capitalization of C$3.23 billion, a PE ratio of 11.66, a PEG ratio of 56.20 and a beta of 1.22. The company’s 50-day moving average is C$21.15 and its 200-day moving average is C$22.38. Eldorado Gold has a fifty-two week low of C$17.82 and a fifty-two week high of C$26.32. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28.

Insiders Place Their Bets

In other news, Senior Officer Nicolae Stanca sold 4,235 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of C$13.92, for a total value of C$58,951.20. Also, Senior Officer Mehmet Yilmaz sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$22.85, for a total transaction of C$68,550.00. Insiders have sold 35,924 shares of company stock worth $700,087 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

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.