Cormark Comments on Eldorado Gold Co.’s Q3 2024 Earnings (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark raised their Q3 2024 EPS estimates for Eldorado Gold in a report issued on Monday, July 29th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.49. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.47 per share. Cormark also issued estimates for Eldorado Gold’s Q4 2024 earnings at $0.68 EPS, FY2024 earnings at $2.17 EPS and FY2025 earnings at $2.21 EPS.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Bank of America upped their target price on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$14.00 to C$20.00 in a research note on Wednesday, May 29th. Cibc World Mkts raised shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, National Bankshares lifted their price objective on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.54.

Eldorado Gold Stock Up 0.5 %

Shares of ELD opened at C$23.35 on Thursday. The business’s 50 day simple moving average is C$21.63 and its 200-day simple moving average is C$19.36. Eldorado Gold has a 1 year low of C$11.38 and a 1 year high of C$23.95. The stock has a market capitalization of C$4.76 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 56.20 and a beta of 1.23. The company has a debt-to-equity ratio of 18.65, a current ratio of 3.50 and a quick ratio of 2.28.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Christos Balaskas sold 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$20.29, for a total value of C$64,633.74. In other news, Senior Officer Joseph Dennis Dick sold 47,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$16.00, for a total transaction of C$751,971.80. Also, Senior Officer Christos Balaskas sold 3,186 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$20.29, for a total transaction of C$64,633.74. In the last quarter, insiders have sold 283,930 shares of company stock worth $5,652,895. 0.70% of the stock is owned by corporate insiders.

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.