Stifel Canada Forecasts Eldorado Gold Q3 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Eldorado Gold in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the basic materials company will post earnings per share of $0.35 for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.41 per share. Stifel Canada also issued estimates for Eldorado Gold’s FY2024 earnings at $1.40 EPS.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $297.14 million for the quarter. Eldorado Gold had a return on equity of 5.82% and a net margin of 15.67%. During the same quarter in the prior year, the company posted $0.09 EPS.

EGO has been the subject of several other research reports. Scotiabank lifted their price target on Eldorado Gold from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. CIBC boosted their price objective on Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Royal Bank of Canada upped their target price on Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and an average price target of $19.38.

Eldorado Gold Stock Up 0.9 %

EGO stock opened at $18.66 on Wednesday. The firm’s fifty day moving average is $17.41 and its 200 day moving average is $16.19. The firm has a market cap of $3.82 billion, a PE ratio of 32.74 and a beta of 0.95. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.65 and a current ratio of 3.62.

Institutional Trading of Eldorado Gold

A number of institutional investors have recently made changes to their positions in EGO. Jennison Associates LLC purchased a new position in Eldorado Gold in the 1st quarter valued at $36,374,000. Donald Smith & CO. Inc. lifted its stake in shares of Eldorado Gold by 9.8% in the first quarter. Donald Smith & CO. Inc. now owns 13,948,916 shares of the basic materials company’s stock worth $196,261,000 after buying an additional 1,240,732 shares in the last quarter. Tidal Investments LLC purchased a new stake in Eldorado Gold during the 1st quarter valued at about $11,431,000. Commonwealth Equity Services LLC purchased a new stake in Eldorado Gold during the 2nd quarter valued at about $6,992,000. Finally, Jessup Wealth Management Inc acquired a new stake in Eldorado Gold in the 2nd quarter valued at about $6,910,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.