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 - Equities researchers at Cormark lifted their FY2025 earnings estimates for Eldorado Gold in a research report issued on Tuesday, August 5th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $1.60 per share for the year, up from their prior estimate 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.

A number of other equities analysts have also weighed in on the stock. CIBC restated an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Canaccord Genuity Group lowered their price target on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Wall Street Zen lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Scotiabank boosted their price target on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

Eldorado Gold Price Performance

Shares of EGO stock traded down $0.48 on Wednesday, reaching $22.60. 2,057,524 shares of the company were exchanged, compared to its average volume of 1,851,446. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.36 and a beta of 0.37. The business has a 50-day moving average price of $20.89 and a 200 day moving average price of $18.20. 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 1 year low of $13.29 and a 1 year high of $23.58.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results 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). The company had revenue of $459.53 million for the quarter, compared to analysts' expectations of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%.

Hedge Funds Weigh In On Eldorado Gold

Several large investors have recently made changes to their positions in EGO. Sei Investments Co. acquired a new position in shares of Eldorado Gold in the 4th quarter worth approximately $1,088,000. LPL Financial LLC lifted its holdings in shares of Eldorado Gold by 100.6% in the 4th quarter. LPL Financial LLC now owns 22,506 shares of the basic materials company's stock worth $335,000 after acquiring an additional 11,285 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $117,228,000 after purchasing an additional 136,594 shares during the period. Wellington Management Group LLP acquired a new stake in Eldorado Gold during the 4th quarter worth $6,973,000. Finally, Alliancebernstein L.P. boosted its stake in Eldorado Gold by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock worth $496,000 after purchasing an additional 1,500 shares during the period. 69.58% of the stock is currently 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.