National Bank Financial Weighs in on Eldorado Gold Co.’s Q1 2024 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stock analysts at National Bank Financial issued their Q1 2024 EPS estimates for Eldorado Gold in a research report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings of $0.16 per share for the quarter. National Bank Financial currently has a “Outperform Spec Overweight” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.08 EPS.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a research report on Friday, January 26th. CIBC boosted their target price on Eldorado Gold from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, TD Securities cut their price target on Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.30.

Eldorado Gold Stock Down 4.9 %

EGO stock opened at $14.31 on Monday. The stock has a market cap of $2.92 billion, a P/E ratio of 27.00, a PEG ratio of 6.34 and a beta of 1.10. The company has a current ratio of 3.39, a quick ratio of 2.53 and a debt-to-equity ratio of 0.18. Eldorado Gold has a twelve month low of $8.30 and a twelve month high of $16.01. The company’s 50 day moving average is $13.00 and its two-hundred day moving average is $12.20.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $306.90 million for the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 10.54%.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI raised its stake in shares of Eldorado Gold by 9.8% during the third quarter. National Bank of Canada FI now owns 508,821 shares of the basic materials company’s stock worth $4,286,000 after purchasing an additional 45,217 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of Eldorado Gold by 361.3% in the third quarter. U S Global Investors Inc. now owns 346,004 shares of the basic materials company’s stock valued at $3,083,000 after acquiring an additional 271,004 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Eldorado Gold by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 70,132 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 1,630 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Eldorado Gold by 350.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 684,570 shares of the basic materials company’s stock worth $6,108,000 after acquiring an additional 532,453 shares during the period. Finally, TD Asset Management Inc raised its holdings in Eldorado Gold by 4.8% during the third quarter. TD Asset Management Inc now owns 529,163 shares of the basic materials company’s stock worth $4,744,000 after purchasing an additional 24,061 shares in the last quarter. 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.