Cormark Issues Pessimistic Forecast for Eldorado Gold (TSE:ELD) Stock Price

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target reduced by investment analysts at Cormark from C$33.50 to C$30.00 in a research report issued on Monday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 45.77% from the stock’s current price. Cormark also issued estimates for Eldorado Gold’s Q1 2025 earnings at $0.33 EPS and Q3 2025 earnings at $0.41 EPS.

ELD has been the subject of a number of other research reports. BMO Capital Markets decreased their price target on Eldorado Gold from C$29.00 to C$27.00 in a research report on Friday, February 7th. Stifel Nicolaus dropped their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a research report on Monday, November 25th. Finally, National Bankshares reduced their price target on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$20.58 on Monday. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The company has a market capitalization of C$4.21 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The stock has a fifty day moving average of C$22.03 and a 200-day moving average of C$22.84. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.