Scotiabank Analysts Cut Earnings Estimates for Eldorado Gold

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Eldorado Gold to $6.96 from $7.14, while the current full-year consensus estimate is $2.15 per share.
• Eldorado Gold reported quarterly EPS of C$0.77 on revenue of C$692.57 million, with a 29.89% net margin and 12.38% return on equity.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus rating and a C$62.50 average price target; shares opened at C$58.89 after rising 2.2%.

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Equities research analysts at Scotiabank cut their FY2027 earnings per share estimates for shares of Eldorado Gold in a report released on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $6.96 per share for the year, down from their prior forecast of $7.14. The consensus estimate for Eldorado Gold's current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The company had revenue of C$692.57 million during the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%.

Other equities research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised Eldorado Gold from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 9th. National Bank Financial raised their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$45.00 to C$55.00 in a report on Thursday, August 13th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus upgraded Eldorado Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Eldorado Gold currently has an average rating of "Moderate Buy" and a consensus price target of C$62.50.

Eldorado Gold Trading Up 2.2%

Shares of TSE:ELD opened at C$58.89 on Friday. Eldorado Gold has a fifty-two week low of C$31.42 and a fifty-two week high of C$69.46. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. The company has a market cap of C$15.36 billion, a PE ratio of 20.96, a P/E/G ratio of 56.20 and a beta of 1.43. The company's 50-day moving average price is C$46.66 and its 200 day moving average price is C$48.65.

Insider Activity

In other Eldorado Gold news, insider Mehmet Yilmaz sold 5,000 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$44.42, for a total value of C$222,100.00. Following the completion of the transaction, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. This trade represents a 15.36% decrease in their ownership of the stock. Also, insider Per Niklas Frank sold 9,524 shares of Eldorado Gold stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the transaction, the insider directly owned 16,777 shares in the company, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. In the last 90 days, insiders have acquired 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. 0.58% of the stock is currently owned by insiders.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.

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