FY2024 EPS Estimates for Eldorado Gold Boosted by Analyst

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Eldorado Gold in a report issued on Wednesday, January 15th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $2.46 per share for the year, up from their previous estimate of $2.24. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2025 earnings at $2.35 EPS and FY2026 earnings at $3.25 EPS.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.46 by C$0.01. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. During the same period in the prior year, the firm earned $0.23 earnings per share.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Eldorado Gold from C$28.00 to C$27.00 in a research note on Monday, November 25th. National Bankshares reduced their target price on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$23.61.

Eldorado Gold Stock Down 0.9 %

ELD stock opened at C$21.23 on Monday. The stock has a market capitalization of C$4.35 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 52 week low of C$13.10 and a 52 week high of C$26.32. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The firm has a 50 day moving average of C$22.23 and a 200 day moving average of C$22.86.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.