Analysts Offer Predictions for Eldorado Gold FY2025 Earnings

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at Stifel Canada dropped their FY2025 EPS estimates for Eldorado Gold in a research note issued on Monday, April 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $1.56 per share for the year, down from their prior estimate of $1.74. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.13. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%. The company had revenue of $435.70 million during the quarter, compared to the consensus estimate of $440.43 million.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada lifted their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Scotiabank lifted their target price on Eldorado Gold from $16.50 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday. StockNews.com upgraded Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Finally, National Bank Financial upgraded Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of "Moderate Buy" and an average target price of $20.38.

Eldorado Gold Trading Down 1.9 %

NYSE EGO traded down $0.36 during trading hours on Tuesday, hitting $19.05. 1,196,464 shares of the company's stock were exchanged, compared to its average volume of 1,572,358. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $20.65. The stock has a 50-day simple moving average of $16.35 and a 200 day simple moving average of $16.04. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 13.61 and a beta of 0.81.

Hedge Funds Weigh In On Eldorado Gold

Large investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted its position in Eldorado Gold by 26.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 682 shares during the last quarter. CIBC Asset Management Inc lifted its position in Eldorado Gold by 0.3% during the fourth quarter. CIBC Asset Management Inc now owns 251,844 shares of the basic materials company's stock valued at $3,737,000 after purchasing an additional 804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Eldorado Gold by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company's stock valued at $2,664,000 after purchasing an additional 1,174 shares during the last quarter. Alliancebernstein L.P. lifted its position in Eldorado Gold by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company's stock valued at $496,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in Eldorado Gold by 335.3% during the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 1,945 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Eldorado Gold Company Profile

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.