FY2027 EPS Estimates for Eldorado Gold Lowered by Scotiabank

Key Points

• Scotiabank cut its FY2027 EPS estimate for Eldorado Gold to $5.46 from $5.57 and retained a "Sector Outperform" rating with a $56.00 price target.
• Analyst coverage is mixed — MarketBeat counts one Strong Buy, three Buy, six Hold and one Sell, leaving an average rating of "Hold" and an average target price of $42.00.
• Shares opened at $32.03 (market cap $6.36B) with a P/E of 12.92; the company last reported quarterly EPS of $0.63 (missed by $0.01) while beating revenue estimates.

Eldorado Gold Corporation (NYSE:EGO - Free Report) TSE: ELD - Stock analysts at Scotiabank decreased their FY2027 EPS estimates for shares of Eldorado Gold in a report released on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $5.46 per share for the year, down from their prior forecast of $5.57. Scotiabank has a "Sector Outperform" rating and a $56.00 price target on the stock. The consensus estimate for Eldorado Gold's current full-year earnings is $4.63 per share.

EGO has been the subject of a number of other research reports. Zacks Research cut shares of Eldorado Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. BMO Capital Markets reiterated an "outperform" rating on shares of Eldorado Gold in a research note on Wednesday, April 15th. Royal Bank Of Canada cut shares of Eldorado Gold from an "outperform" rating to a "sector perform" rating and set a $48.00 price target for the company. in a research note on Tuesday, February 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Eldorado Gold in a research note on Monday, April 20th. Finally, TD Securities cut their price objective on shares of Eldorado Gold from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.00.

Eldorado Gold Stock Down 0.1%

Shares of NYSE:EGO opened at $32.03 on Monday. The stock has a market cap of $6.36 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.14 and a beta of 0.66. The firm has a fifty day moving average price of $37.90 and a 200 day moving average price of $35.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.46. Eldorado Gold has a 1-year low of $17.18 and a 1-year high of $51.16.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). The business had revenue of $575.14 million for the quarter, compared to analyst estimates of $500.42 million. Eldorado Gold had a return on equity of 8.63% and a net margin of 27.89%.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Eldorado Gold during the 2nd quarter valued at about $32,000. Smartleaf Asset Management LLC purchased a new position in Eldorado Gold during the 4th quarter valued at about $33,000. Aventura Private Wealth LLC purchased a new position in Eldorado Gold during the 4th quarter valued at about $36,000. Flagship Harbor Advisors LLC purchased a new position in Eldorado Gold during the 4th quarter valued at about $36,000. Finally, Wexford Capital LP purchased a new position in Eldorado Gold during the 3rd quarter valued at about $37,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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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