Stifel Canada Predicts Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Eldorado Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the basic materials company will post earnings of $0.35 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2024 earnings at $1.40 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Eldorado Gold had a net margin of 15.67% and a return on equity of 5.82%. The firm had revenue of $297.14 million during the quarter. During the same quarter last year, the business earned $0.09 EPS.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada raised their price objective on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank raised their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Finally, CIBC increased their price objective on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.38.

Eldorado Gold Trading Down 2.8 %

Shares of Eldorado Gold stock opened at $18.14 on Wednesday. The company has a 50-day moving average of $17.44 and a two-hundred day moving average of $16.22. The stock has a market cap of $3.71 billion, a PE ratio of 31.82 and a beta of 0.95. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently made changes to their positions in EGO. Blue Trust Inc. boosted its position in Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,336 shares during the last quarter. Tobam boosted its holdings in shares of Eldorado Gold by 14.8% during the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 651 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Eldorado Gold in the second quarter valued at $74,000. Headlands Technologies LLC acquired a new position in Eldorado Gold in the second quarter valued at $97,000. Finally, Virtu Financial LLC purchased a new position in Eldorado Gold during the first quarter worth about $165,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.