Eldorado Gold (NYSE:EGO) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• Eldorado Gold missed quarterly estimates, reporting $0.49 in EPS versus the $0.53 consensus and revenue of $511.9 million versus $621.9 million expected.
• The stock fell $1.92 to $32.55 in heavy trading, while the company’s 2026 gold-production outlook was reportedly cut by about 18% amid execution setbacks and rising costs at the Skouries project.
• Eldorado declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a yield of approximately 0.9%; analysts maintain a “Moderate Buy” consensus with an average price target of $46.57.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD issued its earnings results on Wednesday. The basic materials company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04), reports. Eldorado Gold had a return on equity of 10.91% and a net margin of 29.83%. The firm had revenue of $511.90 million during the quarter, compared to the consensus estimate of $621.90 million.

Eldorado Gold Price Performance

NYSE EGO traded down $1.92 during trading on Thursday, hitting $32.55. 7,442,851 shares of the stock traded hands, compared to its average volume of 2,947,861. The company has a quick ratio of 0.85, a current ratio of 1.31 and a debt-to-equity ratio of 0.22. Eldorado Gold has a 12-month low of $24.57 and a 12-month high of $51.16. The firm has a 50-day simple moving average of $40.21 and a 200-day simple moving average of $36.99. The company has a market capitalization of $8.51 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.29 and a beta of 0.67.

Eldorado Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, December 1st. Eldorado Gold's dividend payout ratio (DPR) is currently 10.64%.

Key Headlines Impacting Eldorado Gold

Here are the key news stories impacting Eldorado Gold this week:

• Positive Sentiment: Eldorado declared a quarterly dividend of $0.075 per share, payable December 15 to shareholders of record December 1. The dividend equates to $0.30 annually and a yield of approximately 0.9%, providing ongoing shareholder income.
• Positive Sentiment: The company said Skouries and McIlvenna Bay continue advancing toward commercial production, supporting Eldorado’s longer-term growth pipeline. Eldorado Gold Q3 2026 Financial and Operational Results
• Neutral Sentiment: Third-quarter adjusted earnings and revenue increased, but the broader results included earnings per share of $0.49, below the $0.53 analyst consensus, and revenue of $511.9 million versus estimates of $621.9 million. Eldorado Gold Q3 Adjusted Earnings and Revenue
• Negative Sentiment: Production guidance for 2026 was revised lower, with reports indicating the company cut its gold outlook by about 18%. The revision reflects execution setbacks at Skouries and raises concerns about near-term production and cash-flow expectations. Eldorado Drops as Skouries Setbacks Cut Gold Outlook 18%
• Negative Sentiment: Skouries costs reportedly reached approximately $2,050 per ounce, adding pressure to project economics and contributing to the guidance reduction. Eldorado Gold Q3 2026 Earnings

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Eldorado Gold in a research note on Thursday, August 20th. They issued a "buy" rating and a $50.00 price objective for the company. Stifel Nicolaus upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, July 31st. Zacks Research downgraded Eldorado Gold from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. Scotiabank lowered their price target on Eldorado Gold from $55.00 to $47.00 and set a "sector outperform" rating on the stock in a report on Tuesday, July 14th. Finally, Bank of America raised Eldorado Gold from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $32.00 to $54.00 in a report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.57.

About Eldorado Gold

Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.

Eldorado's operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.

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