Eldorado Gold FY2025 EPS Forecast Reduced by Stifel Canada

Key Points

• Stifel Canada has revised Eldorado Gold's FY2025 earnings per share (EPS) forecast down to $1.63, from a previous estimate of $1.71, while the consensus estimate is $1.50.
• Despite missing EPS expectations in its last quarterly earnings announcement, Eldorado Gold reported revenues of $459.53 million, surpassing the consensus estimate of $401.85 million.
• A range of ratings from analysts includes two "Strong Buy", four "Buy", two "Hold", and one "Sell", with a consensus rating of "Moderate Buy" and an average target price of $26.67.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Equities research analysts at Stifel Canada dropped their FY2025 EPS estimates for shares of Eldorado Gold in a report issued on Monday, October 20th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $1.63 per share for the year, down from their prior forecast of $1.71. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Stifel Canada also issued estimates for Eldorado Gold's FY2026 earnings at $3.76 EPS and FY2027 earnings at $6.17 EPS.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The business 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%.

A number of other equities research analysts have also weighed in on EGO. Canaccord Genuity Group upgraded shares of Eldorado Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Weiss Ratings restated a "buy (b)" rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Bank of America boosted their price objective on shares of Eldorado Gold from $25.00 to $28.00 and gave the stock an "underperform" rating in a report on Thursday, October 16th. Finally, National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.67.

Eldorado Gold Trading Up 1.8%

Shares of EGO opened at $26.21 on Thursday. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $30.89. The firm has a 50 day moving average price of $26.73 and a 200-day moving average price of $22.34.

Institutional Investors Weigh In On Eldorado Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Eldorado Gold by 99.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 554,300 shares of the basic materials company's stock valued at $16,004,000 after buying an additional 276,000 shares during the last quarter. Net Worth Advisory Group bought a new stake in Eldorado Gold during the 3rd quarter valued at $223,000. TT International Asset Management LTD bought a new position in Eldorado Gold in the 3rd quarter worth $1,186,000. Osaic Holdings Inc. raised its holdings in Eldorado Gold by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 29,712 shares of the basic materials company's stock worth $604,000 after purchasing an additional 2,153 shares in the last quarter. Finally, State of Wyoming bought a new position in Eldorado Gold in the 2nd quarter worth $58,000. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Company Profile

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.

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