Analysts Set Expectations for Eldorado Gold FY2025 Earnings

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Stock analysts at Stifel Canada raised their FY2025 earnings per share estimates for Eldorado Gold in a report issued on Monday, July 21st. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings of $1.71 per share for the year, up from their prior estimate of $1.56. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

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

A number of other research analysts have also recently weighed in on the company. Scotiabank lifted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. Canaccord Genuity Group lowered their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada increased their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. CIBC reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Finally, National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Eldorado Gold Stock Down 0.2%

EGO stock opened at $20.93 on Thursday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.35 and a beta of 0.46. The business’s 50 day moving average price is $20.30 and its two-hundred day moving average price is $17.64. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $21.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.53 and a current ratio of 3.12.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. bought a new stake in Eldorado Gold in the first quarter worth about $374,000. Allspring Global Investments Holdings LLC raised its stake in shares of Eldorado Gold by 11.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock valued at $4,242,000 after buying an additional 25,000 shares in the last quarter. Alliancebernstein L.P. grew its position in Eldorado Gold by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company’s stock worth $496,000 after acquiring an additional 1,500 shares during the last quarter. Cerity Partners LLC bought a new position in Eldorado Gold in the fourth quarter valued at about $287,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Eldorado Gold by 0.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,139 shares of the basic materials company’s stock valued at $2,664,000 after buying an additional 1,174 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Eldorado Gold

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.