Q3 2021 Earnings Forecast for Eldorado Gold Co. Issued By National Bank Financial (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Analysts at National Bank Financial issued their Q3 2021 EPS estimates for Eldorado Gold in a research note issued on Thursday, October 21st. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings per share of $0.23 for the quarter. National Bank Financial has a “Outperform” rating and a $18.00 price objective on the stock.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, July 29th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Eldorado Gold had a net margin of 1.60% and a return on equity of 4.49%. The firm had revenue of $233.22 million for the quarter.

Other analysts have also issued research reports about the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Eldorado Gold in a research note on Friday, October 1st. Zacks Investment Research lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Thursday, September 23rd. TD Securities dropped their price target on Eldorado Gold from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, August 4th. Finally, TheStreet lowered Eldorado Gold from a “c” rating to a “d+” rating in a research note on Thursday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.25.

Shares of Eldorado Gold stock opened at $9.87 on Monday. The company’s 50 day moving average price is $8.45 and its 200-day moving average price is $9.86. Eldorado Gold has a 52-week low of $7.45 and a 52-week high of $14.49. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 98.70, a P/E/G ratio of 2.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.15 and a current ratio of 2.88.

A number of institutional investors and hedge funds have recently made changes to their positions in EGO. Helikon Investments Ltd grew its holdings in Eldorado Gold by 95.3% in the first quarter. Helikon Investments Ltd now owns 14,139,888 shares of the basic materials company’s stock worth $152,569,000 after purchasing an additional 6,901,144 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Eldorado Gold by 4,734.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,825,940 shares of the basic materials company’s stock valued at $14,115,000 after buying an additional 1,788,174 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Eldorado Gold by 5.7% during the second quarter. Van ECK Associates Corp now owns 18,514,155 shares of the basic materials company’s stock valued at $184,215,000 after buying an additional 1,002,238 shares during the last quarter. Weiss Asset Management LP grew its holdings in shares of Eldorado Gold by 233.7% during the first quarter. Weiss Asset Management LP now owns 1,037,500 shares of the basic materials company’s stock valued at $11,212,000 after buying an additional 726,554 shares during the last quarter. Finally, Intact Investment Management Inc. grew its holdings in shares of Eldorado Gold by 394.7% during the second quarter. Intact Investment Management Inc. now owns 724,700 shares of the basic materials company’s stock valued at $8,914,000 after buying an additional 578,200 shares during the last quarter. Institutional investors and hedge funds own 54.46% of the company’s stock.

About Eldorado Gold

Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.

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Earnings History and Estimates for Eldorado Gold (NYSE:EGO)

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