FY2024 Earnings Forecast for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Eldorado Gold in a note issued to investors on Monday, November 4th. Cormark analyst R. Gray now expects that the company will post earnings of $2.01 per share for the year, down from their previous estimate of $2.17. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2025 earnings at $2.58 EPS and FY2027 earnings at $4.37 EPS.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group lifted their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th. Stifel Nicolaus raised their price target on Eldorado Gold from C$25.00 to C$28.00 in a report on Monday, October 21st. Finally, National Bankshares boosted their price target on Eldorado Gold from C$26.00 to C$27.00 in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$23.76.

Eldorado Gold Stock Down 0.7 %

Shares of Eldorado Gold stock opened at C$22.56 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 3.62 and a debt-to-equity ratio of 20.85. The company has a market cap of C$4.62 billion, a P/E ratio of 18.62, a PEG ratio of 56.20 and a beta of 1.22. The firm’s 50 day moving average price is C$23.77 and its 200-day moving average price is C$22.32. Eldorado Gold has a 52-week low of C$13.10 and a 52-week high of C$26.32.

Insiders Place Their Bets

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total value of C$48,473.47. In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. In the last three months, insiders have sold 13,920 shares of company stock valued at $320,985. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

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 Efemçukuru mines located in Turkey; Lamaque complex 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.