Q2 2024 Earnings Estimate for Eldorado Gold Co. (TSE:ELD) Issued By Cormark

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark upped their Q2 2024 earnings estimates for Eldorado Gold in a research report issued on Monday, April 29th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share. Cormark also issued estimates for Eldorado Gold’s Q3 2024 earnings at $0.49 EPS, Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $1.80 EPS, FY2025 earnings at $1.73 EPS and FY2026 earnings at $2.99 EPS.

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

A number of other research analysts have also weighed in on ELD. Stifel Nicolaus raised their price objective on Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Bank of America boosted their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a research report on Tuesday, April 9th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Canaccord Genuity Group boosted their target price on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Finally, Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$20.69.

Eldorado Gold Stock Performance

Shares of TSE:ELD opened at C$19.59 on Thursday. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28. Eldorado Gold has a 1 year low of C$11.38 and a 1 year high of C$22.01. The firm has a market capitalization of C$3.98 billion, a PE ratio of 26.84, a P/E/G ratio of 56.20 and a beta of 1.13. The business’s 50 day moving average price is C$18.47 and its 200-day moving average price is C$16.89.

Insider Activity

In other Eldorado Gold news, Senior Officer Sylvain Lehoux sold 5,433 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$17.58, for a total transaction of C$95,498.01. In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Sylvain Lehoux sold 5,433 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$17.58, for a total transaction of C$95,498.01. In the last 90 days, insiders have sold 48,880 shares of company stock valued at $836,808. 0.69% of the stock is currently owned by company 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.