Eldorado Gold Co. Forecasted to Post FY2022 Earnings of ($0.04) Per Share (TSE:ELD)

Eldorado Gold Co. (TSE:ELDGet Rating) (NYSE:EGO) – National Bank Financial lowered their FY2022 earnings estimates for Eldorado Gold in a report issued on Monday, January 16th. National Bank Financial analyst M. Parkin now forecasts that the company will earn ($0.04) per share for the year, down from their previous estimate of $0.14. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.59 per share. National Bank Financial also issued estimates for Eldorado Gold’s FY2023 earnings at $0.59 EPS.

Several other research firms have also recently commented on ELD. Stifel Nicolaus lowered their price target on shares of Eldorado Gold from C$17.00 to C$16.50 in a report on Wednesday, November 23rd. Canaccord Genuity Group lowered their price target on shares of Eldorado Gold from C$12.00 to C$11.00 in a report on Thursday, October 20th. Finally, National Bankshares cut Eldorado Gold from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$14.00 to C$13.75 in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$14.39.

Eldorado Gold Price Performance

ELD stock opened at C$12.08 on Thursday. The company has a debt-to-equity ratio of 16.28, a current ratio of 3.61 and a quick ratio of 2.28. The firm has a market capitalization of C$2.23 billion and a P/E ratio of -3.65. The business’s 50-day moving average is C$10.96 and its two-hundred day moving average is C$8.96. Eldorado Gold has a 1 year low of C$6.87 and a 1 year high of C$15.73.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last posted its quarterly earnings results on Thursday, October 27th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.13). The business had revenue of C$284.06 million for the quarter.

Insider Buying and Selling

In related news, Senior Officer Nicolae Stanca sold 115,047 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of C$10.90, for a total value of C$1,254,311.42.

Eldorado Gold Company Profile

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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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