FY2027 EPS Estimates for Eldorado Gold Reduced by Analyst

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Scotiabank lowered their FY2027 earnings per share estimates for Eldorado Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $7.14 per share for the year, down from their previous estimate of $7.30. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

A number of other equities research analysts have also weighed in on the stock. ATB Cormark Capital Markets lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. BMO Capital Markets set a C$82.00 price objective on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD decreased their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, National Bank Financial raised their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Eldorado Gold has an average rating of “Moderate Buy” and a consensus target price of C$63.50.

Eldorado Gold Stock Down 4.9%

Shares of Eldorado Gold stock opened at C$39.36 on Friday. The company has a current ratio of 1.62, a quick ratio of 2.27 and a debt-to-equity ratio of 28.81. Eldorado Gold has a 12-month low of C$27.02 and a 12-month high of C$69.46. The company has a market cap of C$10.25 billion, a P/E ratio of 14.06, a PEG ratio of 56.20 and a beta of 1.41. The company’s fifty day simple moving average is C$44.41 and its two-hundred day simple moving average is C$50.02.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$1.32 EPS for the quarter. The company had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, insider Per Niklas Frank sold 9,524 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total value of C$409,722.48. Following the sale, the insider directly owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. The trade was a 36.21% decrease in their ownership of the stock. Also, Director George Raymond Burns sold 61,327 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total value of C$2,647,486.59. Following the completion of the sale, the director directly owned 502,605 shares in the company, valued at approximately C$21,697,457.85. This represents a 10.87% decrease in their ownership of the stock. Over the last quarter, insiders have purchased 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. Corporate insiders own 0.58% of the company’s stock.

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.