Cormark Comments on Eldorado Gold's Q1 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Analysts at Cormark lifted their Q1 2025 earnings per share estimates for shares of Eldorado Gold in a research report issued on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.31 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Several other equities research analysts have also recently commented on the company. Scotiabank boosted their target price on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. National Bank Financial raised Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. StockNews.com upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Thursday, April 10th. Finally, National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.38.

Eldorado Gold Price Performance

Shares of EGO stock traded down $0.08 during midday trading on Wednesday, reaching $18.99. 430,136 shares of the company were exchanged, compared to its average volume of 1,567,851. The company's 50 day moving average price is $16.35 and its two-hundred day moving average price is $16.04. The company has a market cap of $3.90 billion, a P/E ratio of 13.54 and a beta of 0.81. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $20.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The business had revenue of $435.70 million for the quarter, compared to analysts' expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds have recently modified their holdings of EGO. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 25,000 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of Eldorado Gold by 335.3% in the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after buying an additional 1,945 shares during the period. Wellington Management Group LLP purchased a new position in shares of Eldorado Gold in the fourth quarter worth approximately $6,973,000. PKO Investment Management Joint Stock Co acquired a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $1,280,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Eldorado Gold by 44.9% during the fourth quarter. Mackenzie Financial Corp now owns 747,250 shares of the basic materials company's stock valued at $11,102,000 after acquiring an additional 231,515 shares during the period. 69.58% of the stock is owned by hedge funds and other 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.