Cormark Estimates Eldorado Gold’s FY2025 Earnings (NYSE:EGO)

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Analysts at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued to investors on Tuesday, August 5th. Cormark analyst R. Gray now expects that the basic materials company will earn $1.60 per share for the year, up from their previous forecast of $1.55. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold’s Q4 2025 earnings at $0.45 EPS.

EGO has been the subject of several other research reports. National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, July 16th. CIBC reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, July 15th. Scotiabank upped their price objective on Eldorado Gold from $16.50 to $19.00 and gave the company a “sector perform” rating in a research report on Monday, April 14th. Wall Street Zen upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Canaccord Genuity Group decreased their price target on Eldorado Gold from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.60.

Eldorado Gold Stock Up 1.2%

NYSE EGO opened at $23.29 on Wednesday. The stock has a 50 day moving average price of $20.78 and a 200-day moving average price of $18.07. Eldorado Gold has a one year low of $13.29 and a one year high of $23.39. The company has a market capitalization of $4.73 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.36 and a beta of 0.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.65 and a current ratio of 3.23.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). The company had revenue of $459.53 million for the quarter, compared to the consensus estimate of $401.85 million. Eldorado Gold had a net margin of 26.07% and a return on equity of 8.79%.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently bought and sold shares of EGO. D.A. Davidson & CO. purchased a new stake in shares of Eldorado Gold during the first quarter valued at $374,000. Allspring Global Investments Holdings LLC boosted its position in Eldorado Gold by 11.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock valued at $4,242,000 after buying an additional 25,000 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in Eldorado Gold by 43.5% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock worth $63,970,000 after acquiring an additional 1,152,909 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Eldorado Gold by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 33,360 shares of the basic materials company’s stock worth $496,000 after acquiring an additional 1,500 shares during the period. Finally, Cerity Partners LLC bought a new stake in shares of Eldorado Gold during the fourth quarter valued at approximately $287,000. Institutional investors own 69.58% 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.