Cormark Comments on Eldorado Gold’s Q1 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Cormark increased their Q1 2025 EPS estimates for shares of Eldorado Gold in a report released on Tuesday, April 22nd. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.31 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

A number of other brokerages have also weighed in on EGO. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank of Canada boosted their target price on shares of Eldorado Gold from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Scotiabank upped their target price on shares of Eldorado Gold from $16.50 to $19.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Finally, StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.38.

Eldorado Gold Trading Down 2.2 %

Shares of EGO opened at $19.06 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 13.62 and a beta of 0.81. The stock has a fifty day moving average price of $16.15 and a two-hundred day moving average price of $16.02. Eldorado Gold has a 52-week low of $13.29 and a 52-week high of $20.65.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $435.70 million during the quarter, compared to analysts’ expectations of $440.43 million. Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%.

Institutional Investors Weigh In On Eldorado Gold

Institutional investors and hedge funds have recently modified their holdings of the business. ANTIPODES PARTNERS Ltd boosted its stake in Eldorado Gold by 648.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company’s stock valued at $39,408,000 after acquiring an additional 2,296,018 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the period. Carrhae Capital LLP boosted its position in shares of Eldorado Gold by 13.9% in the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after purchasing an additional 738,233 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Eldorado Gold during the fourth quarter worth $6,973,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Eldorado Gold by 231.7% during the fourth quarter. BNP Paribas Financial Markets now owns 550,876 shares of the basic materials company’s stock worth $8,192,000 after purchasing an additional 384,793 shares during the period. 69.58% of the stock is owned by institutional investors.

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 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.