FY2025 EPS Estimates for Eldorado Gold Cut by Scotiabank

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Analysts at Scotiabank lowered their FY2025 earnings estimates for shares of Eldorado Gold in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $1.26 for the year, down from their prior forecast of $1.57. Scotiabank currently has a “Sector Perform” rating and a $16.50 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $0.95 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%.

Separately, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Stock Down 2.0 %

Shares of EGO opened at $15.63 on Monday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.20 billion, a PE ratio of 11.16 and a beta of 1.11. The company’s fifty day moving average is $14.73 and its two-hundred day moving average is $15.92. Eldorado Gold has a fifty-two week low of $13.29 and a fifty-two week high of $19.06.

Hedge Funds Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in shares of Eldorado Gold during the 3rd quarter valued at $36,000. TD Waterhouse Canada Inc. increased its stake in Eldorado Gold by 26.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock worth $48,000 after buying an additional 682 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Eldorado Gold during the 4th quarter worth $55,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Eldorado Gold during the 4th quarter worth $113,000. Finally, Tradition Wealth Management LLC purchased a new stake in Eldorado Gold during the 4th quarter worth $153,000. Institutional investors and hedge funds 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.