Eldorado Gold Co. (TSE:ELD – Get Rating) (NYSE:EGO) – Analysts at Cormark lowered their FY2022 EPS estimates for Eldorado Gold in a note issued to investors on Tuesday, January 17th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of ($0.03) for the year, down from their prior estimate of $0.01. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.59 per share. Cormark also issued estimates for Eldorado Gold’s Q3 2023 earnings at $0.11 EPS, Q4 2023 earnings at $0.11 EPS, FY2023 earnings at $0.40 EPS and FY2024 earnings at $0.92 EPS.
Several other brokerages have also recently issued reports on ELD. National Bankshares cut Eldorado Gold from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$14.00 to C$13.75 in a research note on Tuesday. National Bank Financial cut Eldorado Gold from an “outperform overweight” rating to a “sector perform spec overwgt” rating in a research note on Monday, January 16th. Stifel Nicolaus reduced their price objective on Eldorado Gold from C$17.00 to C$16.50 in a research note on Wednesday, November 23rd. Finally, Canaccord Genuity Group reduced their price objective on Eldorado Gold from C$12.00 to C$11.00 in a research note on Thursday, October 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$14.39.
Eldorado Gold Stock Up 1.6 %
Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) last released its quarterly earnings results on Thursday, October 27th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.13). The firm had revenue of C$284.06 million for the quarter.
Insider Activity at Eldorado Gold
In related news, Senior Officer Nicolae Stanca sold 115,047 shares of Eldorado Gold stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of C$10.90, for a total transaction of C$1,254,311.42.
About Eldorado Gold
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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