Eldorado Gold FY2025 EPS Estimate Lowered by Stifel Canada

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities research analysts at Stifel Canada decreased their FY2025 earnings estimates for shares of Eldorado Gold in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the basic materials company will earn $1.74 per share for the year, down from their prior estimate of $2.07. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2026 earnings at $1.88 EPS.

EGO has been the subject of several other reports. TD Securities cut their price objective on 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 price objective on Eldorado Gold from $20.00 to $18.50 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com cut Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of “Hold” and an average price target of $20.50.

Eldorado Gold Stock Down 11.3 %

Shares of NYSE EGO opened at $14.01 on Friday. The firm’s 50-day moving average is $15.45 and its two-hundred day moving average is $16.44. The company has a market capitalization of $2.87 billion, a PE ratio of 10.45 and a beta of 0.93. Eldorado Gold has a 12-month low of $9.72 and a 12-month high of $19.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds have recently made changes to their positions in EGO. Financial Management Professionals Inc. purchased a new position in Eldorado Gold during the third quarter worth about $32,000. Blue Trust Inc. lifted its holdings in shares of Eldorado Gold by 232.8% during the 3rd 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 during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Eldorado Gold in the third quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in Eldorado Gold in the fourth quarter valued at approximately $55,000. Finally, Net Worth Advisory Group purchased a new stake in Eldorado Gold in the third quarter valued at approximately $198,000. 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.