Brokers Issue Forecasts for Eldorado Gold FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 earnings per share (EPS) estimate for Eldorado Gold from $2.36 to $2.44, while the consensus estimate stands at $2.15 per share.
• The stock currently has a consensus rating of "Strong Buy" with an average target price of C$32.10, and recent price targets have been increased by analysts at National Bankshares and Bank of America.
• Insider transactions have seen significant selling, with insiders disposing of over 20,000 shares worth approximately $679,773 in the past 90 days.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Equities researchers at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Eldorado Gold in a report issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $1.77 per share for the year, up from their prior forecast of $1.72. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. National Bank Financial also issued estimates for Eldorado Gold's FY2026 earnings at $4.14 EPS.

Several other equities analysts have also recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Eldorado Gold in a research report on Monday, August 11th. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Finally, CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Eldorado Gold presently has an average rating of "Moderate Buy" and an average target price of $23.60.

Eldorado Gold Price Performance

Shares of EGO stock opened at $28.56 on Friday. The firm has a fifty day moving average of $24.03 and a two-hundred day moving average of $20.71. The firm has a market cap of $5.81 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.44 and a beta of 0.44. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $29.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The company had revenue of $459.53 million during the quarter, compared to the consensus estimate of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. acquired a new stake in Eldorado Gold in the first quarter worth $374,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Eldorado Gold by 11.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company's stock worth $4,242,000 after acquiring an additional 25,000 shares during the period. ANTIPODES PARTNERS Ltd increased its holdings in shares of Eldorado Gold by 43.5% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company's stock worth $63,970,000 after acquiring an additional 1,152,909 shares during the period. LPL Financial LLC lifted its position in Eldorado Gold by 645.2% in the 1st quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company's stock valued at $2,821,000 after purchasing an additional 145,202 shares during the last quarter. Finally, Amundi grew its position in Eldorado Gold by 17.7% in the 1st quarter. Amundi now owns 1,289,210 shares of the basic materials company's stock worth $22,806,000 after purchasing an additional 193,586 shares during the last quarter. 69.58% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.