FY2025 Earnings Estimate for Eldorado Gold Issued By Cormark

Key Points

• Research analysts at Cormark have raised their FY2025 earnings per share estimate for Eldorado Gold from $1.55 to $1.60, reflecting a positive outlook for the company.
• Despite the upgrade, Canaccord Genuity has lowered its target price on Eldorado Gold from $29.00 to $27.00, indicating a cautious sentiment among some analysts.
• Currently, Eldorado Gold holds a consensus rating of "Moderate Buy" with a target price of $23.60, according to MarketBeat.com.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at Cormark increased their FY2025 earnings per share estimates for shares of Eldorado Gold in a report released on Tuesday, August 5th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $1.60 per share for the year, up from their previous forecast of $1.55. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold's Q4 2025 earnings at $0.45 EPS.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The company had revenue of $459.53 million for the quarter, compared to analyst estimates of $401.85 million.

EGO has been the subject of several other research reports. Wall Street Zen upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Scotiabank raised their price objective on Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Canaccord Genuity Group reduced their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Finally, National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.60.

Eldorado Gold Stock Performance

NYSE:EGO traded down $0.23 during mid-day trading on Wednesday, hitting $23.08. 1,659,110 shares of the company's stock traded hands, compared to its average volume of 1,827,349. The firm has a 50 day moving average of $20.84 and a two-hundred day moving average of $18.13. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $23.58. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.37. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Eldorado Gold

A number of hedge funds have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in Eldorado Gold during the 4th quarter valued at $1,088,000. LPL Financial LLC increased its holdings in Eldorado Gold by 100.6% during the 4th quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 11,285 shares in the last quarter. Vanguard Group Inc. increased its holdings in Eldorado Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company's stock valued at $117,228,000 after purchasing an additional 136,594 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Eldorado Gold during the 4th quarter valued at $6,973,000. Finally, Alliancebernstein L.P. increased its stake in shares of Eldorado Gold by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock valued at $496,000 after buying an additional 1,500 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

About Eldorado Gold

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.