Cormark Comments on Eldorado Gold’s Q1 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Research analysts at Cormark lifted their Q1 2025 earnings per share (EPS) estimates for Eldorado Gold in a report released on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.24 per share for the quarter, up from their previous estimate of $0.23. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold’s FY2025 earnings at $1.08 EPS, FY2026 earnings at $1.73 EPS and FY2027 earnings at $3.05 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $435.70 million for the quarter, compared to the consensus estimate of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%.

Other research analysts have also issued reports about the company. StockNews.com raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Scotiabank decreased their price target on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Finally, TD Securities decreased their price target 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, November 4th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Eldorado Gold Price Performance

Eldorado Gold stock opened at $13.69 on Friday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 9.78 and a beta of 0.93. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 12 month low of $10.03 and a 12 month high of $19.06. The stock’s 50 day moving average is $14.89 and its 200-day moving average is $16.22.

Institutional Trading of Eldorado Gold

Several institutional investors have recently added to or reduced their stakes in EGO. Blue Trust Inc. boosted its holdings in Eldorado Gold by 232.8% in the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,336 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Eldorado Gold in the third quarter valued at approximately $394,000. Versor Investments LP lifted its stake in Eldorado Gold by 7.0% in the third quarter. Versor Investments LP now owns 60,014 shares of the basic materials company’s stock valued at $1,043,000 after buying an additional 3,900 shares during the period. Tacita Capital Inc acquired a new position in Eldorado Gold in the third quarter valued at approximately $467,000. Finally, Banque Cantonale Vaudoise acquired a new position in Eldorado Gold in the third quarter valued at approximately $36,000. 69.58% of the stock is currently owned by 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.