National Bank Financial Comments on Eldorado Gold Co.’s Q1 2024 Earnings (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.22 for the quarter. National Bank Financial has a “Outperform Spec Overweight” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.49 EPS.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upped their price objective on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. Cormark cut their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, National Bankshares lowered their price target on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold currently has an average rating of “Hold” and an average price target of C$19.11.

Eldorado Gold Stock Performance

ELD opened at C$19.59 on Monday. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$22.01. The firm has a market cap of C$3.98 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. The business’s fifty day moving average is C$17.66 and its 200-day moving average is C$16.53.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The firm had revenue of C$417.85 million for the quarter.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction dated 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 other news, Senior Officer Mehmet Yilmaz sold 1,900 shares of Eldorado Gold stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders have sold a total of 41,338 shares of company stock valued at $684,168 in the last 90 days. 0.69% of the stock is owned by corporate insiders.

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.