Eldorado Gold Co. (NYSE:EGO) to Post FY2022 Earnings of $0.30 Per Share, National Bank Financial Forecasts

Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) – Stock analysts at National Bank Financial lifted their FY2022 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued on Monday, August 1st. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.30 for the year, up from their previous forecast of $0.29. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.32 per share.

Several other analysts also recently issued reports on the company. TheStreet downgraded Eldorado Gold from a “c” rating to a “d+” rating in a research note on Wednesday, May 18th. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, July 20th. Stifel Nicolaus lowered their target price on Eldorado Gold from C$20.25 to C$18.00 in a research report on Wednesday, July 20th. TD Securities lowered their target price on Eldorado Gold from $8.50 to $7.50 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and lowered their target price for the company from C$17.00 to C$12.00 in a research report on Wednesday, July 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.10.

Eldorado Gold Stock Performance

EGO opened at $6.08 on Thursday. The business’s 50-day moving average price is $6.73 and its two-hundred day moving average price is $9.04. Eldorado Gold has a 1 year low of $5.27 and a 1 year high of $12.49. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.54 and a beta of 1.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.40.

Hedge Funds Weigh In On Eldorado Gold

Institutional investors have recently bought and sold shares of the business. PDT Partners LLC acquired a new position in Eldorado Gold during the fourth quarter worth approximately $1,055,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Eldorado Gold by 1.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 138,758 shares of the basic materials company’s stock worth $1,297,000 after acquiring an additional 2,414 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Eldorado Gold by 5.6% during the fourth quarter. Schroder Investment Management Group now owns 1,630,672 shares of the basic materials company’s stock worth $15,247,000 after acquiring an additional 86,866 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Eldorado Gold by 8.1% during the fourth quarter. CIBC Asset Management Inc now owns 159,106 shares of the basic materials company’s stock worth $1,491,000 after acquiring an additional 11,879 shares during the period. Finally, U S Global Investors Inc. boosted its holdings in shares of Eldorado Gold by 236.3% during the fourth quarter. U S Global Investors Inc. now owns 420,365 shares of the basic materials company’s stock worth $3,931,000 after acquiring an additional 295,365 shares during the period. Institutional investors and hedge funds own 58.83% of the company’s stock.

About Eldorado Gold

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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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

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

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