FY2026 EPS Estimates for Eldorado Gold Lifted by Scotiabank

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Scotiabank upped their FY2026 EPS estimates for shares of Eldorado Gold in a research note issued on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $3.06 per share for the year, up from their prior estimate of $2.06. Scotiabank has a “Sector Perform” rating and a $33.00 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Several other equities research analysts also recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of Eldorado Gold from $25.00 to $28.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a research note on Wednesday, July 16th. CIBC upped their price objective on shares of Eldorado Gold from $32.00 to $46.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $25.63 on Friday. Eldorado Gold has a one year low of $13.29 and a one year high of $30.89. The stock has a fifty day moving average of $27.12 and a 200-day moving average of $22.78. The company has a market capitalization of $5.21 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.29 and a beta of 0.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%. The business had revenue of $436.44 million for the quarter, compared to analyst estimates of $422.25 million.

Institutional Trading of Eldorado Gold

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Eldorado Gold in the second quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in Eldorado Gold in the 2nd quarter worth approximately $32,000. TD Waterhouse Canada Inc. lifted its position in Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after buying an additional 587 shares in the last quarter. State of Wyoming purchased a new stake in Eldorado Gold in the 2nd quarter worth approximately $58,000. Finally, Employees Retirement System of Texas purchased a new stake in Eldorado Gold in the 2nd quarter worth approximately $83,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.