Scotiabank Reduces Earnings Estimates for Eldorado Gold

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Eldorado Gold to $3.85 from $3.94; the article lists the current full-year consensus estimate at $2.15 per share.
• Eldorado reported quarterly EPS of C$0.70 and revenue of C$728.69 million, with a 31.67% net margin.
• Analyst views were mixed: Canaccord downgraded the stock to Hold and cut its target to C$47, while other analysts adjusted targets; overall, the consensus rating is Moderate Buy with a C$58.75 target.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Equities researchers at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $3.85 per share for the year, down from their previous forecast of $3.94. 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 earnings per share (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 during the quarter.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of Eldorado Gold from a "buy" rating to a "hold" rating and dropped their price target for the company from C$57.00 to C$47.00 in a research note on Friday, October 30th. National Bank Financial reduced their price target on shares of Eldorado Gold from C$74.00 to C$68.00 and set an "outperform" rating on the stock in a research report on Monday. ATB Cormark Capital Markets decreased their price objective on Eldorado Gold from C$64.00 to C$61.00 and set a "sector perform" rating on the stock in a report on Friday, October 30th. 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. Finally, Jefferies Financial Group upgraded Eldorado Gold to a "strong-buy" rating in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$58.75.

Eldorado Gold Price Performance

Shares of ELD stock opened at C$48.53 on Friday. The company has a debt-to-equity ratio of 28.90, a current ratio of 1.42 and a quick ratio of 2.27. The firm's 50-day moving average is C$54.28 and its two-hundred day moving average is C$50.99. Eldorado Gold has a 12 month low of C$36.62 and a 12 month high of C$69.46. The company has a market capitalization of C$12.67 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 56.20 and a beta of 2.07.

Insider Activity at Eldorado Gold

In other news, Director Seda Erdemir sold 1,239 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total value of C$74,798.43. Corporate insiders own 0.58% of the company's stock.

Eldorado Gold Company Profile

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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