FY2026 EPS Estimate for Eldorado Gold Increased by Analyst

Key Points

• Scotiabank raised Eldorado Gold’s FY2026 EPS estimate to $2.85 from $2.76 and maintained a “Sector Outperform” rating with a $47 price target. The estimate remains below the broader consensus of $3.23 per share.
• Eldorado Gold reported quarterly EPS of $0.54, exceeding estimates by $0.02, although revenue of $487.5 million fell short of the $529.92 million consensus forecast.
• The company declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a 0.7% yield. Analysts remain mixed, with the stock carrying an average “Hold” rating and a $43 consensus target price.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at Scotiabank raised their FY2026 EPS estimates for shares of Eldorado Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $2.85 per share for the year, up from their prior forecast of $2.76. Scotiabank currently has a "Sector Outperform" rating and a $47.00 target price on the stock. The consensus estimate for Eldorado Gold's current full-year earnings is $3.23 per share.

Other equities research analysts have also recently issued research reports about the company. Citigroup cut Eldorado Gold to a "sector perform" rating in a report on Monday, May 4th. Zacks Research lowered Eldorado Gold from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Jefferies Financial Group began coverage on Eldorado Gold in a research note on Thursday. They set a "buy" rating and a $50.00 price target for the company. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a "neutral" rating to an "outperform" rating in a research note on Sunday, August 9th. Finally, Stifel Nicolaus upgraded shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Eldorado Gold presently has an average rating of "Hold" and an average target price of $43.00.

Eldorado Gold Price Performance

EGO stock opened at $45.83 on Monday. The firm has a 50 day moving average of $33.56 and a 200-day moving average of $35.22. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.34 and a beta of 0.63. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold has a 12-month low of $22.66 and a 12-month high of $51.16.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. The firm had revenue of $487.50 million for the quarter, compared to the consensus estimate of $529.92 million.

Eldorado Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Eldorado Gold's payout ratio is 10.64%.

Institutional Trading of Eldorado Gold

A number of large investors have recently made changes to their positions in EGO. Artemis Investment Management LLP acquired a new position in shares of Eldorado Gold in the fourth quarter valued at approximately $3,214,000. Jupiter Asset Management Ltd. lifted its stake in shares of Eldorado Gold by 794.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 109,342 shares of the basic materials company's stock worth $3,935,000 after purchasing an additional 97,124 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Eldorado Gold by 255.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 123,176 shares of the basic materials company's stock worth $4,427,000 after purchasing an additional 88,508 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new position in Eldorado Gold in the fourth quarter valued at $1,437,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Eldorado Gold by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 896,300 shares of the basic materials company's stock worth $30,785,000 after buying an additional 110,000 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company's core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.

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