Brokers Offer Predictions for Eldorado Gold FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Eldorado Gold to $3.94 from $3.88, well above the broader consensus estimate of $2.15.
• Eldorado Gold reported quarterly revenue of C$692.57 million and EPS of C$0.77, alongside a 29.89% net margin and 12.38% return on equity.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus, three Strong Buy ratings and an average price target of C$62.50, though some insiders recently reduced their holdings through stock sales.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Stock analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of Eldorado Gold in a research note issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $3.94 per share for the year, up from their previous estimate of $3.88. 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 released its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%.The firm had revenue of C$692.57 million for the quarter.

A number of other research firms also recently weighed in on ELD. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Stifel Nicolaus raised shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. National Bank Financial increased their price objective on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group lifted their target price on shares of Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$62.50.

Eldorado Gold Price Performance

Eldorado Gold stock opened at C$62.97 on Monday. The stock's 50 day moving average is C$47.06 and its 200 day moving average is C$48.72. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. The firm has a market cap of C$16.42 billion, a P/E ratio of 22.41, a P/E/G ratio of 56.20 and a beta of 1.43. Eldorado Gold has a one year low of C$31.55 and a one year high of C$69.46.

Insiders Place Their Bets

In related news, insider Mehmet Yilmaz sold 5,000 shares of the business's stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the transaction, the insider owned 27,543 shares in the company, valued at C$1,223,460.06. The trade was a 15.36% decrease in their position. Also, insider Per Niklas Frank sold 9,524 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the transaction, the insider directly owned 16,777 shares in the company, valued at approximately C$721,746.54. This represents a 36.21% decrease in their ownership of the stock. In the last quarter, insiders have purchased 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. 0.58% of the stock is owned by insiders.

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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