National Bank Financial Weighs in on Eldorado Gold Co.’s Q1 2024 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at National Bank Financial issued their Q1 2024 EPS estimates for Eldorado Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings per share of $0.16 for the quarter. National Bank Financial has a “Outperform Spec Overweight” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.08 EPS.

A number of other brokerages also recently weighed in on EGO. Stifel Canada downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. TD Securities dropped their price target on shares of Eldorado Gold from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Eldorado Gold in a report on Friday, January 26th. Finally, CIBC lifted their target price on shares of Eldorado Gold from $16.50 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eldorado Gold currently has a consensus rating of “Hold” and a consensus target price of $13.30.

Eldorado Gold Price Performance

NYSE EGO opened at $14.31 on Monday. The firm has a market cap of $2.92 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 6.34 and a beta of 1.10. The stock’s 50-day moving average is $13.00 and its two-hundred day moving average is $12.20. Eldorado Gold has a fifty-two week low of $8.30 and a fifty-two week high of $16.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.39 and a quick ratio of 2.53.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $306.90 million for the quarter. Eldorado Gold had a net margin of 10.54% and a return on equity of 3.56%.

Institutional Trading of Eldorado Gold

Several hedge funds and other institutional investors have recently bought and sold shares of EGO. Parkside Financial Bank & Trust bought a new stake in Eldorado Gold in the fourth quarter valued at about $35,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Eldorado Gold in the 4th quarter worth approximately $37,000. Tobam bought a new position in shares of Eldorado Gold during the 4th quarter worth approximately $68,000. Atria Wealth Solutions Inc. acquired a new stake in Eldorado Gold in the 3rd quarter valued at $89,000. Finally, Bank of Nova Scotia grew its position in Eldorado Gold by 10.2% in the third quarter. Bank of Nova Scotia now owns 14,553 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 1,343 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.