Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Investment analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for Eldorado Gold in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $1.57 per share for the year, up from their previous forecast of $1.14. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $2.06 EPS.
A number of other research firms have also recently commented on EGO. StockNews.com cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities cut their target price on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.88.
Eldorado Gold Stock Performance
Shares of Eldorado Gold stock opened at $15.34 on Monday. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The firm has a market capitalization of $3.14 billion, a P/E ratio of 11.45 and a beta of 0.94. The business’s fifty day simple moving average is $15.78 and its 200 day simple moving average is $16.57. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. The business had revenue of $331.76 million during the quarter. During the same period in the previous year, the company posted $0.17 earnings per share.
Hedge Funds Weigh In On Eldorado Gold
Several institutional investors have recently modified their holdings of EGO. Financial Management Professionals Inc. bought a new stake in Eldorado Gold during the 3rd quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Eldorado Gold in the 3rd quarter worth about $36,000. Point72 DIFC Ltd bought a new position in Eldorado Gold during the second quarter valued at approximately $74,000. Finally, Headlands Technologies LLC purchased a new stake in Eldorado Gold during the 2nd quarter valued at $97,000. 69.58% of the stock is currently owned by 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.
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