Cormark Has Weak Estimate for Eldorado Gold FY2025 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at Cormark decreased their FY2025 earnings estimates for Eldorado Gold in a research note issued to investors on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $1.87 per share for the year, down from their previous forecast of $2.00. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

Several other analysts also recently commented on the stock. TD Securities reduced their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Scotiabank reduced their target price on shares of Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.50.

Eldorado Gold Price Performance

EGO stock opened at $15.42 on Friday. 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 company has a market capitalization of $3.16 billion, a P/E ratio of 11.50 and a beta of 0.94. The business has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $16.49. Eldorado Gold has a twelve month low of $9.72 and a twelve month high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Eldorado Gold had a return on equity of 6.67% and a net margin of 23.16%. The firm had revenue of $331.76 million during the quarter. During the same period last year, the company earned $0.17 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in shares of Eldorado Gold by 17.5% in the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after buying an additional 1,058,137 shares in the last quarter. Equinox Partners Investment Management LLC boosted its holdings in Eldorado Gold by 32.0% during the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after buying an additional 239,800 shares in the last quarter. Tidal Investments LLC grew its position in Eldorado Gold by 1.8% during the third quarter. Tidal Investments LLC now owns 908,617 shares of the basic materials company’s stock worth $15,783,000 after buying an additional 15,652 shares during the period. National Bank of Canada FI increased its holdings in Eldorado Gold by 22.9% in the third quarter. National Bank of Canada FI now owns 638,338 shares of the basic materials company’s stock valued at $11,089,000 after buying an additional 118,760 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of Eldorado Gold by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock valued at $4,812,000 after acquiring an additional 15,351 shares during the period. 69.58% of the stock is 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.