Cormark Weighs in on Eldorado Gold’s Q4 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Cormark boosted their Q4 2024 earnings estimates for shares of Eldorado Gold in a report issued on Monday, November 4th. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.49. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.45 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $2.56 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $331.76 million for the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.75%. During the same period in the previous year, the business posted $0.17 EPS.

EGO has been the topic of several other research reports. TD Securities lowered their price objective on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank of Canada lifted their price objective on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC lifted their price objective on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Scotiabank lifted their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.88.

Eldorado Gold Stock Up 0.7 %

Eldorado Gold stock opened at $16.46 on Tuesday. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 12.28 and a beta of 0.95. The company has a current ratio of 3.62, a quick ratio of 2.65 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $17.42 and its two-hundred day moving average price is $16.35. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Eldorado Gold in the third quarter worth approximately $32,000. Blue Trust Inc. increased its position in shares of Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,336 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Eldorado Gold in the second quarter worth approximately $74,000. Tobam increased its position in shares of Eldorado Gold by 14.8% in the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 651 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold during the second quarter worth approximately $97,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Company Profile

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.