Analysts Issue Forecasts for Eldorado Gold FY2027 Earnings

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Eldorado Gold to $7.48 from $7.62 but maintained a Strong-Buy rating on the stock.
• Other brokers have largely raised price targets (Bank of America C$52, Stifel C$65, BMO C$82, National Bank C$70) amid mixed ratings, leaving a MarketBeat consensus rating of Moderate Buy with a C$63.50 price target.
• In the most recent quarter Eldorado reported C$0.86 EPS on C$767.5M revenue; the stock opened at C$43.78, has a 12‑month range of C$23.99–C$69.46 and a market cap of about C$11.53 billion.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Research analysts at Scotiabank cut their FY2027 earnings per share estimates for shares of Eldorado Gold in a research note issued on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $7.48 for the year, down from their prior estimate of $7.62. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The business had revenue of C$767.52 million for the quarter.

A number of other brokerages also recently weighed in on ELD. Bank of America raised their price objective on Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the company an "outperform" rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Finally, National Bank Financial raised their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Eldorado Gold has a consensus rating of "Moderate Buy" and a consensus price target of C$63.50.

Eldorado Gold Price Performance

Shares of ELD stock opened at C$43.78 on Monday. The stock's 50 day simple moving average is C$52.02 and its 200 day simple moving average is C$48.97. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83. Eldorado Gold has a twelve month low of C$23.99 and a twelve month high of C$69.46. The company has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 56.20 and a beta of 1.67.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau purchased 3,500 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of C$58.59 per share, with a total value of C$205,065.00. Following the transaction, the insider directly owned 14,994 shares in the company, valued at approximately C$878,498.46. This represents a 30.45% increase in their position. Also, insider Christine Tamiko Ohta sold 5,492 shares of Eldorado Gold stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of C$51.22, for a total value of C$281,300.24. Following the completion of the transaction, the insider directly owned 8,427 shares in the company, valued at approximately C$431,630.94. This represents a 39.46% decrease in their ownership of the stock. Insiders own 0.58% of the company's stock.

About Eldorado Gold

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.

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