Cormark Comments on Eldorado Gold’s Q3 Earnings (NYSE:EGO)

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Cormark lifted their Q3 2025 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Wednesday, October 29th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.44. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. CIBC increased their price objective on shares of Eldorado Gold from $32.00 to $46.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Wall Street Zen downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Scotiabank increased their price objective on shares of Eldorado Gold from $25.50 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Finally, Bank of America increased their price objective on shares of Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Eldorado Gold Stock Performance

EGO stock opened at $25.51 on Thursday. The company has a quick ratio of 2.65, a current ratio of 3.23 and a debt-to-equity ratio of 0.28. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $30.89. The business’s fifty day moving average is $27.07 and its 200-day moving average is $22.74. The company has a market cap of $5.19 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.29 and a beta of 0.44.

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

Institutional Investors Weigh In On Eldorado Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Eldorado Gold in the 2nd quarter worth about $32,000. Headlands Technologies LLC bought a new stake in Eldorado Gold in the 2nd quarter worth about $32,000. TD Waterhouse Canada Inc. grew its position in Eldorado Gold by 35.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,247 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 587 shares in the last quarter. State of Wyoming bought a new stake in Eldorado Gold in the 2nd quarter worth about $58,000. Finally, Employees Retirement System of Texas bought a new position in shares of Eldorado Gold during the 2nd quarter valued at approximately $83,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.