Scotiabank Decreases Earnings Estimates for Eldorado Gold

Key Points

• Scotiabank cut its FY2026 EPS forecast for Eldorado Gold to $2.75 from $2.85, while maintaining a Sector Outperform rating and a $47 price target. The new estimate remains slightly above the $2.71 analyst consensus.
• Eldorado reported quarterly EPS of $0.49, below the $0.53 consensus, and revenue of $511.9 million versus expectations of $621.9 million.
• Analyst views are mixed but lean positive: MarketBeat lists a Moderate Buy consensus rating and an average price target of $46.57. Eldorado also declared a quarterly dividend of $0.075 per share.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Eldorado Gold in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $2.75 for the year, down from their prior estimate of $2.85. Scotiabank has a "Sector Outperform" rating and a $47.00 price objective on the stock. The consensus estimate for Eldorado Gold's current full-year earnings is $2.71 per share.

EGO has been the topic of several other reports. Weiss Ratings lowered Eldorado Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. Jefferies Financial Group assumed coverage on Eldorado Gold in a report on Thursday, August 20th. They issued a "buy" rating and a $50.00 target price for the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "neutral" rating to an "outperform" rating in a research report on Sunday, August 9th. Wall Street Zen lowered shares of Eldorado Gold from a "hold" rating to a "sell" rating in a research report on Saturday, October 31st. Finally, Stifel Nicolaus upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.57.

Eldorado Gold Stock Up 3.0%

Eldorado Gold stock opened at $34.53 on Friday. The company has a market capitalization of $9.03 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.35 and a beta of 0.67. Eldorado Gold has a 1-year low of $26.02 and a 1-year high of $51.16. The firm's fifty day simple moving average is $38.67 and its 200-day simple moving average is $36.76. The company has a current ratio of 1.42, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last posted its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Eldorado Gold had a return on equity of 10.31% and a net margin of 31.67%. The firm had revenue of $511.90 million for the quarter, compared to analysts' expectations of $621.90 million.

Eldorado Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.0750 dividend. 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 10.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Philadelphia Trust Co. lifted its stake in Eldorado Gold by 7.7% during the third quarter. Philadelphia Trust Co. now owns 30,340 shares of the basic materials company's stock worth $1,168,000 after purchasing an additional 2,179 shares during the period. AlphaCore Capital LLC boosted its stake in Eldorado Gold by 13.9% in the 3rd quarter. AlphaCore Capital LLC now owns 47,876 shares of the basic materials company's stock valued at $1,843,000 after buying an additional 5,845 shares in the last quarter. Leuthold Group LLC boosted its stake in Eldorado Gold by 7.8% in the 3rd quarter. Leuthold Group LLC now owns 179,286 shares of the basic materials company's stock valued at $6,901,000 after buying an additional 13,019 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in Eldorado Gold by 63.6% in the third quarter. Beverly Hills Private Wealth LLC now owns 78,756 shares of the basic materials company's stock valued at $3,031,000 after acquiring an additional 30,627 shares during the period. Finally, Candriam S.C.A. grew its position in Eldorado Gold by 583.1% in the third quarter. Candriam S.C.A. now owns 243,000 shares of the basic materials company's stock valued at $9,387,000 after acquiring an additional 207,426 shares during the period. Institutional investors own 69.58% of the company's stock.

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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