FY2026 EPS Estimate for Eldorado Gold Lifted by Analyst

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Investment analysts at National Bank Financial lifted their FY2026 earnings estimates for shares of Eldorado Gold in a research note issued to investors on Tuesday, July 15th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $3.60 per share for the year, up from their prior forecast of $2.82. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

A number of other brokerages have also recently issued reports on EGO. Royal Bank Of Canada lifted their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday. Wall Street Zen raised shares of Eldorado Gold from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Scotiabank boosted their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Three 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.60.

Eldorado Gold Price Performance

Shares of NYSE EGO traded down $0.39 during midday trading on Friday, reaching $19.74. The company's stock had a trading volume of 1,060,546 shares, compared to its average volume of 1,688,739. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.53 and a current ratio of 3.12. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $21.79. The business's 50 day moving average price is $20.19 and its two-hundred day moving average price is $17.55. The company has a market cap of $4.02 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.34 and a beta of 0.46.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last released its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.04). The company had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million. Eldorado Gold had a net margin of 23.10% and a return on equity of 8.41%.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC raised its position in shares of Eldorado Gold by 335.3% during the 1st quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company's stock valued at $42,000 after buying an additional 1,945 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Eldorado Gold by 26.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after purchasing an additional 682 shares during the period. SBI Securities Co. Ltd. raised its position in Eldorado Gold by 142.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company's stock worth $151,000 after purchasing an additional 5,294 shares during the period. Tradition Wealth Management LLC purchased a new position in Eldorado Gold in the 4th quarter worth $153,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Eldorado Gold in the 1st quarter worth $186,000. Hedge funds and other institutional investors 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.