Cormark Issues Optimistic Outlook for Eldorado Gold Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stock analysts at Cormark boosted their Q2 2025 earnings estimates for Eldorado Gold in a research report issued on Monday, May 5th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.25. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold’s Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.55 EPS, FY2026 earnings at $2.67 EPS and FY2027 earnings at $4.08 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The business had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million.

Other research analysts have also issued research reports about the company. Royal Bank of Canada boosted their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. National Bank Financial raised shares of Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Canaccord Genuity Group reduced their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Eldorado Gold Stock Down 2.2 %

NYSE:EGO opened at $19.55 on Thursday. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $17.28 and a 200-day moving average of $16.14. The firm has a market capitalization of $4.02 billion, a PE ratio of 13.96 and a beta of 0.42. Eldorado Gold has a 52 week low of $13.29 and a 52 week high of $20.65.

Hedge Funds Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Eldorado Gold in the 1st quarter worth approximately $207,000. LPL Financial LLC lifted its position in Eldorado Gold by 645.2% in the first quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company’s stock worth $2,821,000 after purchasing an additional 145,202 shares during the period. TD Asset Management Inc boosted its stake in Eldorado Gold by 2.5% during the 1st quarter. TD Asset Management Inc now owns 578,577 shares of the basic materials company’s stock valued at $9,724,000 after purchasing an additional 14,180 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of Eldorado Gold by 104.7% during the 1st quarter. Heartland Advisors Inc. now owns 648,100 shares of the basic materials company’s stock valued at $10,901,000 after purchasing an additional 331,450 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Eldorado Gold by 43.5% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock worth $63,970,000 after buying an additional 1,152,909 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

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.