What is Cormark's Forecast for Eldorado Gold Q3 Earnings?

Key Points

• Cormark has revised its Q3 2025 earnings estimate for Eldorado Gold down to $0.60 per share, from a previous forecast of $0.62, amid a pessimistic outlook on the company's performance.
• Despite the downgrade, other analysts have raised their price targets for Eldorado Gold, with Stifel Nicolaus increasing their target from C$25.00 to C$29.00 and National Bankshares from C$38.00 to C$41.00.
• Insider selling activity has been noted, with company insiders offloading 182,964 shares totaling approximately $5.3 million in the last three months.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Analysts at Cormark dropped their Q3 2025 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Tuesday, August 5th. Cormark analyst R. Gray now expects that the company will earn $0.60 per share for the quarter, down from their prior forecast of $0.62. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold's FY2026 earnings at $3.64 EPS and FY2027 earnings at $5.59 EPS.

Several other analysts also recently commented on ELD. National Bankshares raised their price objective on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on shares of Eldorado Gold from C$25.00 to C$29.00 in a research note on Monday, April 21st.

Eldorado Gold Stock Performance

Shares of TSE ELD traded down C$0.65 during trading on Thursday, hitting C$31.09. The company had a trading volume of 497,435 shares, compared to its average volume of 401,395. The stock has a 50 day simple moving average of C$28.58 and a 200 day simple moving average of C$25.35. The company has a debt-to-equity ratio of 23.28, a quick ratio of 2.28 and a current ratio of 3.37. Eldorado Gold has a 12 month low of C$18.94 and a 12 month high of C$32.40. The firm has a market capitalization of C$4.48 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22.

Insider Activity at Eldorado Gold

In other news, Senior Officer Graham Magnus Morrison sold 12,207 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of C$28.93, for a total value of C$353,092.36. Also, Senior Officer Christos Balaskas sold 6,518 shares of the business's stock in a transaction on Saturday, May 31st. The stock was sold at an average price of C$28.10, for a total transaction of C$183,155.80. Insiders have sold 182,964 shares of company stock worth $5,310,299 in the last 90 days. Company 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.