FY2024 EPS Estimates for Eldorado Gold Lifted by Scotiabank

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at Scotiabank upped their FY2024 earnings per share estimates for shares of Eldorado Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $1.43 per share for the year, up from their previous estimate of $1.32. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.42 per share.

A number of other research firms also recently issued reports on EGO. StockNews.com downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities lowered their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.88.

Eldorado Gold Trading Up 4.4 %

Shares of NYSE:EGO opened at $16.05 on Friday. The company’s 50-day moving average price is $15.81 and its two-hundred day moving average price is $16.53. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. 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 $3.29 billion, a PE ratio of 11.98 and a beta of 0.93.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) 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 company had revenue of $331.76 million for the quarter. During the same quarter last year, the business earned $0.17 earnings per share.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC grew its stake in Eldorado Gold by 65.0% in the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock valued at $104,777,000 after buying an additional 2,376,241 shares during the last quarter. Millennium Management LLC raised its holdings in Eldorado Gold by 230.6% in the 2nd quarter. Millennium Management LLC now owns 188,529 shares of the basic materials company’s stock valued at $2,788,000 after acquiring an additional 332,913 shares in the last quarter. Equinox Partners Investment Management LLC lifted its position in shares of Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock valued at $17,185,000 after acquiring an additional 239,800 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Eldorado Gold during the 3rd quarter worth $2,626,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Eldorado Gold by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,607,786 shares of the basic materials company’s stock worth $68,149,000 after purchasing an additional 136,900 shares during the period. 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.