Eldorado Gold FY2025 EPS Estimate Raised by Stifel Canada

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Stifel Canada lifted their FY2025 earnings per share (EPS) estimates for shares of Eldorado Gold in a research report issued on Monday, July 21st. Stifel Canada analyst I. Rico now expects that the basic materials company will earn $1.71 per share for the year, up from their prior estimate of $1.56. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Eldorado Gold had a return on equity of 8.41% and a net margin of 23.10%. The firm had revenue of $341.59 million for the quarter, compared to the consensus estimate of $319.83 million.

Other equities analysts also recently issued research reports about the company. National Bankshares reissued an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. Canaccord Genuity Group dropped their price objective on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Royal Bank Of Canada raised their price objective on Eldorado Gold from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. CIBC reaffirmed an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Finally, Scotiabank raised 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. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.60.

Eldorado Gold Price Performance

EGO opened at $20.48 on Thursday. Eldorado Gold has a 12-month low of $13.29 and a 12-month high of $21.79. The company has a current ratio of 3.12, a quick ratio of 2.53 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $20.42 and its 200-day simple moving average is $17.70. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.35 and a beta of 0.46.

Institutional Investors Weigh In On Eldorado Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC raised its stake in Eldorado Gold by 335.3% in the first quarter. Continuum Advisory LLC now owns 2,525 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,945 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Eldorado Gold by 26.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,252 shares of the basic materials company’s stock valued at $48,000 after buying an additional 682 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Eldorado Gold by 142.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,006 shares of the basic materials company’s stock valued at $151,000 after buying an additional 5,294 shares during the last quarter. Tradition Wealth Management LLC purchased a new stake in Eldorado Gold in the fourth quarter valued at about $153,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Eldorado Gold in the fourth quarter valued at about $183,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.