Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Cormark lifted their Q3 2024 earnings estimates for Eldorado Gold in a research note issued to investors on Monday, April 29th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.20. The consensus estimate for Eldorado Gold's current full-year earnings is $0.85 per share. Cormark also issued estimates for Eldorado Gold's Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.32 EPS, FY2025 earnings at $1.27 EPS and FY2026 earnings at $2.19 EPS.
Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its quarterly earnings data on Friday, April 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The firm had revenue of $257.97 million during the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. During the same quarter in the prior year, the firm earned $0.11 earnings per share.
A number of other research firms have also recently commented on EGO. Stifel Nicolaus reiterated a "hold" rating on shares of Eldorado Gold in a research report on Friday, January 26th. Stifel Canada lowered shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, January 26th. TD Securities decreased their target price on shares of Eldorado Gold from $14.50 to $13.00 and set a "hold" rating on the stock in a research report on Monday, February 26th. CIBC lifted their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Finally, National Bank Financial reissued an "outperform spec overweight" rating on shares of Eldorado Gold in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.30.
Check Out Our Latest Analysis on Eldorado Gold
Eldorado Gold Price Performance
Shares of NYSE EGO traded up $0.23 during trading on Thursday, reaching $14.64. The company had a trading volume of 1,241,954 shares, compared to its average volume of 1,680,598. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $16.07. The stock has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $12.44. The stock has a market capitalization of $2.99 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 5.42 and a beta of 1.12.
Hedge Funds Weigh In On Eldorado Gold
A number of hedge funds have recently made changes to their positions in the stock. Triasima Portfolio Management inc. acquired a new position in Eldorado Gold in the fourth quarter valued at $18,548,000. American Century Companies Inc. grew its holdings in shares of Eldorado Gold by 55.3% during the 3rd quarter. American Century Companies Inc. now owns 1,269,694 shares of the basic materials company's stock worth $11,322,000 after purchasing an additional 452,226 shares during the period. Vanguard Group Inc. increased its position in Eldorado Gold by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,694,600 shares of the basic materials company's stock worth $59,649,000 after purchasing an additional 128,430 shares in the last quarter. Swiss National Bank raised its holdings in Eldorado Gold by 11.4% in the third quarter. Swiss National Bank now owns 448,320 shares of the basic materials company's stock valued at $4,034,000 after buying an additional 46,000 shares during the period. Finally, Gabelli Funds LLC lifted its position in Eldorado Gold by 9.2% during the third quarter. Gabelli Funds LLC now owns 1,965,000 shares of the basic materials company's stock valued at $17,508,000 after buying an additional 165,700 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
About Eldorado Gold
(
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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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