Eldorado Gold Co. (NYSE:EGO – Free Report) (TSE:ELD) – Stock analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Wednesday, January 15th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $1.71 for the year, up from their prior estimate of $1.62. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.44 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.63 EPS and FY2026 earnings at $2.26 EPS.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $331.76 million for the quarter. During the same quarter in the previous year, the firm earned $0.17 earnings per share.
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Eldorado Gold Stock Down 0.4 %
Shares of NYSE EGO opened at $14.51 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54. The stock has a market capitalization of $2.97 billion, a PE ratio of 10.82 and a beta of 0.94. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The business’s fifty day moving average price is $15.63 and its 200-day moving average price is $16.56.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in EGO. Financial Management Professionals Inc. bought a new stake in Eldorado Gold during the third quarter valued at $32,000. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Eldorado Gold during the third quarter worth about $36,000. Point72 DIFC Ltd bought a new position in shares of Eldorado Gold in the second quarter worth approximately $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Eldorado Gold in the second quarter valued at approximately $191,000. Institutional investors own 69.58% of the company’s stock.
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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