Eldorado Gold Co. Forecasted to Earn Q1 2024 Earnings of $0.21 Per Share (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Analysts at Cormark lowered their Q1 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. The firm had revenue of C$417.85 million during the quarter.

Other analysts have also recently issued reports about the company. Bank of America upped their target price on Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. National Bankshares dropped their target price on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Canaccord Genuity Group upped their target price on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday. Finally, National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$19.97.

Eldorado Gold Stock Up 0.7 %

Shares of TSE:ELD opened at C$19.72 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60. The business has a fifty day moving average of C$17.76 and a two-hundred day moving average of C$16.58. The stock has a market cap of C$4.01 billion, a P/E ratio of 27.01, a PEG ratio of 56.20 and a beta of 1.13. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$22.01.

Insider Activity at Eldorado Gold

In related news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In related news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. Insiders sold 41,338 shares of company stock worth $684,168 in the last three months. 0.69% of the stock is owned by company insiders.

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.