National Bank Financial Research Analysts Raise Earnings Estimates for Eldorado Gold Co.

Eldorado Gold logo with Basic Materials background

Eldorado Gold Co. (NYSE:EGOFree Report) TSE: ELD – Investment analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Eldorado Gold in a report released on Wednesday, December 13th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.94 for the year, up from their prior estimate of $0.51. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.41 per share.

Several other analysts have also commented on the company. StockNews.com lowered Eldorado Gold from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Stifel Canada upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. TD Securities lifted their price target on Eldorado Gold from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Monday, October 30th. TheStreet upgraded Eldorado Gold from a “d+” rating to a “c-” rating in a research note on Friday, November 3rd. Finally, Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.32.

View Our Latest Research Report on EGO

Eldorado Gold Trading Up 0.6 %

Shares of EGO stock opened at $12.67 on Monday. Eldorado Gold has a 1 year low of $7.83 and a 1 year high of $13.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.00 and a quick ratio of 2.89. The stock’s 50 day simple moving average is $11.19 and its two-hundred day simple moving average is $10.23. The company has a market cap of $2.59 billion, a PE ratio of 40.87 and a beta of 1.16.

Eldorado Gold (NYSE:EGOGet Free Report) TSE: ELD last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. The company had revenue of $245.26 million for the quarter. Eldorado Gold had a return on equity of 2.94% and a net margin of 5.90%.

Institutional Trading of Eldorado Gold

A number of institutional investors have recently made changes to their positions in EGO. Helikon Investments Ltd raised its holdings in shares of Eldorado Gold by 13.6% during the second quarter. Helikon Investments Ltd now owns 28,936,990 shares of the basic materials company’s stock valued at $292,264,000 after acquiring an additional 3,464,840 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Eldorado Gold by 234.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,869,793 shares of the basic materials company’s stock worth $40,084,000 after buying an additional 2,711,353 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Eldorado Gold by 113.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,167,313 shares of the basic materials company’s stock worth $26,629,000 after buying an additional 2,216,406 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Eldorado Gold by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 21,446,611 shares of the basic materials company’s stock worth $191,091,000 after buying an additional 2,094,276 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Eldorado Gold by 1,043.9% in the 1st quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock valued at $19,945,000 after purchasing an additional 1,623,765 shares during the period. 58.23% of the stock is owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

(Get Free Report)

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 gold mines located in western Turkey; Lamaque gold mines 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.

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Earnings History and Estimates for Eldorado Gold <span class=NYSE: EGO” width=”650″ height=”325″ loading=”lazy”>

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