National Bank Financial Estimates Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings of $0.43 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2024 earnings at $1.75 EPS.

A number of other equities analysts also recently commented on the company. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. CIBC lifted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank lifted their price objective on Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada lifted their price objective on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Eldorado Gold currently has a consensus rating of “Hold” and a consensus price target of $19.38.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at $18.14 on Thursday. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 31.82 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62. The business’s 50 day moving average price is $17.46 and its 200 day moving average price is $16.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $297.14 million for the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same period in the prior year, the firm earned $0.09 earnings per share.

Institutional Investors Weigh In On Eldorado Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co raised its holdings in shares of Eldorado Gold by 130.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,246 shares of the basic materials company’s stock valued at $890,000 after buying an additional 35,820 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Eldorado Gold in the 2nd quarter valued at $2,238,000. Maverick Capital Ltd. purchased a new stake in shares of Eldorado Gold in the 2nd quarter valued at $1,256,000. Gabelli Funds LLC raised its holdings in shares of Eldorado Gold by 2.8% in the 1st quarter. Gabelli Funds LLC now owns 2,020,000 shares of the basic materials company’s stock valued at $28,421,000 after buying an additional 55,000 shares during the period. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Eldorado Gold by 32.0% in 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 buying an additional 239,800 shares during the period. Hedge funds and other 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.