Brokers Issue Forecasts for Eldorado Gold Q1 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for shares of Eldorado Gold in a research report issued on Tuesday, April 22nd. National Bank Financial analyst D. Demarco anticipates that the basic materials company will post earnings per share of $0.35 for the quarter. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $1.87 EPS.

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

Several other research analysts have also weighed in on EGO. Royal Bank of Canada raised their target price on Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Scotiabank increased their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Finally, StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Eldorado Gold Trading Up 1.9 %

Shares of EGO opened at $19.41 on Thursday. The firm has a 50-day moving average price of $16.26 and a 200 day moving average price of $16.04. Eldorado Gold has a 12-month low of $13.29 and a 12-month high of $20.65. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.99 billion, a P/E ratio of 13.86 and a beta of 0.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Barclays PLC increased 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 during the period. Geode Capital Management LLC increased its position in Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company’s stock worth $1,675,000 after purchasing an additional 6,629 shares during the period. Tidal Investments LLC lifted its holdings in Eldorado Gold by 1.8% in the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock valued at $15,783,000 after acquiring an additional 15,652 shares during the period. JPMorgan Chase & Co. increased its holdings in 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. Finally, Perpetual Ltd purchased a new position in Eldorado Gold in the 4th quarter valued at approximately $425,000. 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.