Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Equities researchers at Cormark upped their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $1.52 per share for the year, up from their previous forecast of $1.46. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.44 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $2.37 EPS and FY2027 earnings at $3.54 EPS.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $331.76 million during the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same period in the previous year, the business earned $0.17 EPS.
View Our Latest Research Report on Eldorado Gold
Eldorado Gold Trading Down 0.4 %
EGO stock opened at $14.51 on Monday. The company has a market capitalization of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. The firm’s 50-day moving average is $15.63 and its 200 day moving average is $16.56. Eldorado Gold has a 12 month low of $9.72 and a 12 month high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.
Hedge Funds Weigh In On Eldorado Gold
Several institutional investors and hedge funds have recently bought and sold shares of EGO. Jennison Associates LLC lifted its holdings in shares of Eldorado Gold by 65.0% during the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock valued at $104,777,000 after purchasing an additional 2,376,241 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Eldorado Gold by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock valued at $68,149,000 after buying an additional 136,900 shares in the last quarter. Equinox Partners Investment Management LLC raised its stake in Eldorado Gold by 32.0% in the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after buying an additional 239,800 shares during the last quarter. Tidal Investments LLC boosted its holdings in Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock worth $15,783,000 after acquiring an additional 15,652 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Eldorado Gold by 22.9% during the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock worth $11,089,000 after acquiring an additional 118,760 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.
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.
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