Cormark Estimates Eldorado Gold's FY2026 Earnings (NYSE:EGO)

Key Points

• Cormark has lowered its FY2026 earnings per share estimate for Eldorado Gold from $2.67 to $2.66, while the current consensus estimate stands at $1.50 per share for the full year.
• Shares of Eldorado Gold saw a slight 0.5% increase, trading at $23.42, with a market cap of $4.76 billion and a PE ratio of 11.79.
• Institutional investors own 69.58% of Eldorado Gold's stock, indicating strong interest from large investors in the mining company.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Equities researchers at Cormark decreased their FY2026 earnings estimates for Eldorado Gold in a research report issued to clients and investors on Tuesday, August 5th. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $2.66 for the year, down from their previous estimate of $2.67. 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 earnings results on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). The business had revenue of $459.53 million during the quarter, compared to analyst estimates of $401.85 million. Eldorado Gold had a return on equity of 8.79% and a net margin of 26.07%.

A number of other equities analysts have also commented on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Wall Street Zen downgraded shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Saturday. CIBC reissued an "outperform" rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Scotiabank reissued a "sector perform" rating on shares of Eldorado Gold in a research report on Monday. Finally, Canaccord Genuity Group decreased their price target on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.60.

Eldorado Gold Price Performance

Shares of EGO stock traded down $0.16 during trading hours on Thursday, reaching $22.44. 747,061 shares of the company were exchanged, compared to its average volume of 1,971,997. The stock's fifty day moving average is $20.89 and its two-hundred day moving average is $18.23. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $23.58. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.36 and a beta of 0.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Eldorado Gold during the second quarter valued at $32,000. Continuum Advisory LLC boosted its holdings in shares of Eldorado Gold by 335.3% in the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of 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 acquiring an additional 682 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Eldorado Gold by 142.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock valued at $151,000 after acquiring an additional 5,294 shares during the last quarter. Finally, Tradition Wealth Management LLC bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $153,000. Institutional investors and hedge funds own 69.58% of the company's stock.

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.