Cormark Research Analysts Boost Earnings Estimates for Eldorado Gold Co. (TSE:ELD)

Eldorado Gold Co. (TSE:ELD - Free Report) NYSE: EGO - Equities researchers at Cormark lifted their Q2 2024 EPS estimates for shares of Eldorado Gold in a research note issued on Monday, April 29th. Cormark analyst R. Gray now forecasts that the company will earn $0.41 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for Eldorado Gold's current full-year earnings is $0.98 per share. Cormark also issued estimates for Eldorado Gold's Q3 2024 earnings at $0.49 EPS, Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $1.80 EPS, FY2025 earnings at $1.73 EPS and FY2026 earnings at $2.99 EPS.

A number of other analysts have also recently weighed in on the stock. Bank of America raised their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Stifel Canada cut Eldorado Gold from a "buy" rating to a "hold" rating in a research note on Friday, January 26th. Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their target price on shares of Eldorado Gold from C$21.00 to C$23.00 in a research report on Friday, April 26th. Finally, National Bankshares decreased their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$20.69.

Eldorado Gold Price Performance

TSE ELD traded up C$0.19 on Thursday, reaching C$20.03. The company's stock had a trading volume of 322,052 shares, compared to its average volume of 397,457. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. The firm's 50 day moving average is C$18.38 and its two-hundred day moving average is C$16.86. Eldorado Gold has a twelve month low of C$11.38 and a twelve month high of C$22.01. The stock has a market cap of C$4.07 billion, a PE ratio of 27.18, a PEG ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD - Get Free Report) NYSE: EGO last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.05. The company had revenue of C$417.85 million for the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%.

Insider Activity

In other news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$18.24, for a total transaction of C$166,531.20. In related news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$18.24, for a total value of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. In the last 90 days, insiders have sold 41,338 shares of company stock worth $684,168. 0.69% of the stock is owned by corporate insiders.

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.