FY2026 Earnings Estimate for Eldorado Gold Issued By Cormark

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 - Cormark dropped their FY2026 earnings per share (EPS) estimates for Eldorado Gold in a note issued to investors on Tuesday, August 5th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $2.66 per share for the year, down from their prior forecast of $2.67. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

Several other equities analysts have also recently weighed in on the stock. CIBC reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. Scotiabank lifted their price target 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. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Canaccord Genuity Group dropped their price objective on Eldorado Gold from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned 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 a consensus target price of $23.60.

Eldorado Gold Stock Up 0.5%

Shares of NYSE:EGO opened at $23.42 on Thursday. The company has a market cap of $4.76 billion, a PE ratio of 11.79, a P/E/G ratio of 0.36 and a beta of 0.37. The stock's 50-day moving average is $20.78 and its 200 day moving average is $18.07. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $23.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.23 and a quick ratio of 2.65.

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 the consensus estimate of $0.51 by ($0.07). The firm had revenue of $459.53 million for the quarter, compared to analysts' expectations of $401.85 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%.

Institutional Trading of Eldorado Gold

Large investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its stake in shares of Eldorado Gold by 3.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 12,492,756 shares of the basic materials company's stock worth $210,128,000 after purchasing an additional 391,776 shares during the period. L1 Capital Pty Ltd grew its holdings in Eldorado Gold by 22.7% in the 1st quarter. L1 Capital Pty Ltd now owns 8,774,080 shares of the basic materials company's stock valued at $147,580,000 after buying an additional 1,621,173 shares during the period. Vanguard Group Inc. increased its stake in shares of Eldorado Gold by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,029,969 shares of the basic materials company's stock valued at $134,984,000 after acquiring an additional 148,567 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Eldorado Gold by 10.3% during the 2nd quarter. Jennison Associates LLC now owns 7,990,223 shares of the basic materials company's stock worth $162,521,000 after acquiring an additional 744,419 shares during the period. Finally, Carrhae Capital LLP grew its holdings in Eldorado Gold by 10.7% in the first quarter. Carrhae Capital LLP now owns 6,689,304 shares of the basic materials company's stock valued at $112,514,000 after purchasing an additional 648,574 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

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.

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