FY2025 EPS Estimates for Eldorado Gold Decreased by Analyst

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Analysts at Stifel Canada dropped their FY2025 earnings estimates for shares of Eldorado Gold in a report issued on Monday, April 21st. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings per share of $1.56 for the year, down from their previous forecast of $1.74. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

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

Other analysts also recently issued reports about the stock. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Scotiabank boosted their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Finally, Royal Bank of Canada lifted their target price on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average price target of $20.38.

Eldorado Gold Price Performance

Shares of EGO stock opened at $19.06 on Tuesday. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12 month low of $13.29 and a 12 month high of $20.65. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 13.62 and a beta of 0.81. The stock has a 50-day moving average price of $16.15 and a 200 day moving average price of $16.02.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its stake in Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the period. JPMorgan Chase & Co. raised its position in shares of Eldorado Gold by 130.7% in the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock valued at $2,607,000 after buying an additional 85,053 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $55,000. Barclays PLC grew its position in Eldorado Gold by 18.6% during the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company’s stock worth $3,064,000 after buying an additional 27,667 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Eldorado Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 403,620 shares of the basic materials company’s stock valued at $6,000,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds 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.