Eldorado Gold Co. (TSE:ELD – Free Report) (NYSE:EGO) – Equities research analysts at Scotiabank cut their FY2027 EPS estimates for Eldorado Gold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $6.96 for the year, down from their previous estimate of $7.14. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.
A number of other analysts have also recently issued reports on ELD. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Canaccord Genuity Group raised their target price on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. National Bank Financial lifted their target price on shares of Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$62.50.
Eldorado Gold Stock Up 2.2%
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 business has a 50-day moving average of C$46.66 and a 200-day moving average of C$48.65. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27. The company has a market capitalization of C$15.36 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 56.20 and a beta of 1.43.
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. The business had revenue of C$692.57 million for the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%.
Insider Transactions at Eldorado Gold
In other Eldorado Gold news, insider Per Niklas Frank sold 9,524 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total value of C$409,722.48. Following the transaction, the insider directly owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Also, insider Mehmet Yilmaz sold 5,000 shares of Eldorado Gold stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the sale, the insider directly owned 27,543 shares of the company’s stock, valued at C$1,223,460.06. This represents a 15.36% decrease in their position. Over the last 90 days, insiders have acquired 75 shares of company stock worth $3,347 and have sold 21,915 shares worth $949,783. Corporate insiders own 0.58% of the company’s stock.
Eldorado Gold Company Profile
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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