Brokers Set Expectations for Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – National Bank Financial issued their Q3 2024 earnings per share estimates for Eldorado Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.59 for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, July 25th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The firm had revenue of C$406.56 million for the quarter.

Several other research firms have also recently weighed in on ELD. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday. National Bankshares boosted their price target on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Canaccord Genuity Group boosted their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Three equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.76.

Eldorado Gold Price Performance

TSE ELD opened at C$24.92 on Thursday. The stock has a market capitalization of C$5.10 billion, a P/E ratio of 20.77, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32. The business’s fifty day moving average is C$23.79 and its two-hundred day moving average is C$22.11. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62.

Insider Activity at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 6,134 shares of Eldorado Gold stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. In the last 90 days, insiders sold 14,988 shares of company stock valued at $334,328. Insiders own 0.58% of the company’s stock.

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.