National Bank Financial Weighs in on Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at National Bank Financial issued their Q3 2024 earnings estimates for shares of Eldorado Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings per share of $0.43 for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $1.75 EPS.

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

Eldorado Gold Stock Down 3.4 %

EGO opened at $17.38 on Thursday. The business has a 50 day moving average price of $17.47 and a two-hundred day moving average price of $16.26. 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 $3.56 billion, a PE ratio of 30.49 and a beta of 0.95. The company has a quick ratio of 2.65, a current ratio of 3.62 and a debt-to-equity ratio of 0.20.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $297.14 million for the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same period in the prior year, the business earned $0.09 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EGO. Financial Management Professionals Inc. acquired a new stake in shares of Eldorado Gold in the 3rd quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new stake in Eldorado Gold during the third quarter worth $394,000. U S Global Investors Inc. grew its holdings in Eldorado Gold by 5.9% in the third quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock valued at $4,812,000 after purchasing an additional 15,351 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Eldorado Gold by 33.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after buying an additional 50,500 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other 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.