Scotiabank Forecasts Reduced Earnings for Eldorado Gold

Key Points

• Scotiabank cut its FY2027 EPS forecast for Eldorado Gold to $6.64 from $6.96. The article also cites a $2.15 consensus estimate for the current full year.
• Eldorado reported quarterly EPS of C$0.70 and revenue of C$728.69 million, with a 31.67% net margin and 11.96% return on equity.
• Analyst views are mixed but lean positive: MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of C$58.75.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Stock analysts at Scotiabank lowered their FY2027 earnings estimates for Eldorado Gold in a report issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $6.64 per share for the year, down from their prior forecast of $6.96. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.70 EPS for the quarter. Eldorado Gold had a net margin of 31.67% and a return on equity of 11.96%. The firm had revenue of C$728.69 million for the quarter.

ELD has been the topic of several other reports. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Bank of America upgraded Eldorado Gold from an "underperform" rating to a "buy" rating and increased their target price for the stock from C$32.00 to C$54.00 in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets cut their target price on Eldorado Gold from C$64.00 to C$61.00 and set a "sector perform" rating for the company in a research report on Friday, October 30th. Stifel Nicolaus lifted their target price on Eldorado Gold from C$65.00 to C$70.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. Finally, National Bank Financial lowered their price target on Eldorado Gold from C$74.00 to C$68.00 and set an "outperform" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$58.75.

Eldorado Gold Trading Up 5.3%

Shares of ELD stock opened at C$46.72 on Thursday. Eldorado Gold has a 52-week low of C$35.75 and a 52-week high of C$69.46. The company has a debt-to-equity ratio of 28.90, a quick ratio of 2.27 and a current ratio of 1.42. The firm has a market capitalization of C$12.20 billion, a PE ratio of 15.78, a PEG ratio of 56.20 and a beta of 1.68. The stock has a fifty day simple moving average of C$54.61 and a two-hundred day simple moving average of C$51.03.

Insider Buying and Selling

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total transaction of C$74,798.43. 0.58% of the stock is currently owned by insiders.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange TSX: ELD and the New York Stock Exchange NYSE: EGO.

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