FY2026 EPS Estimate for Eldorado Gold Increased by Analyst

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at National Bank Financial raised their FY2026 EPS estimates for Eldorado Gold in a research report issued to clients and investors on Tuesday, July 15th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings of $3.60 per share for the year, up from their prior forecast of $2.82. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share.

A number of other analysts also recently commented on EGO. Canaccord Genuity Group cut their price objective on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a report on Monday, May 5th. CIBC restated an "outperform" rating on shares of Eldorado Gold in a research note on Tuesday, July 15th. 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. National Bankshares reaffirmed an "outperform" rating on shares of Eldorado Gold in a report on Wednesday. Finally, Royal Bank Of Canada raised their price objective on shares of Eldorado Gold from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

Eldorado Gold Price Performance

Eldorado Gold stock traded up $0.94 during midday trading on Friday, reaching $20.69. The company had a trading volume of 992,008 shares, compared to its average volume of 1,687,890. The company has a market capitalization of $4.22 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.34 and a beta of 0.46. Eldorado Gold has a 12-month low of $13.29 and a 12-month high of $21.79. The firm's fifty day simple moving average is $20.19 and its 200-day simple moving average is $17.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 2.53.

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

Institutional Trading of Eldorado Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in EGO. Continuum Advisory LLC boosted its holdings in Eldorado Gold by 335.3% in the 1st 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 period. TD Waterhouse Canada Inc. boosted its stake in Eldorado Gold by 26.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company's stock worth $48,000 after acquiring an additional 682 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in 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 worth $151,000 after acquiring an additional 5,294 shares during the last quarter. Tradition Wealth Management LLC bought a new position in Eldorado Gold during the 4th quarter worth approximately $153,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Eldorado Gold in the first quarter valued at approximately $186,000. 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.