Cormark Has Bullish Forecast for Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Cormark boosted their Q3 2025 earnings per share (EPS) estimates for Eldorado Gold in a report released on Wednesday, October 29th. Cormark analyst R. Gray now forecasts that the company will earn $0.64 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

A number of other brokerages have also weighed in on ELD. Bank of America upped their price objective on Eldorado Gold from C$28.50 to C$33.50 in a report on Friday, August 29th. National Bankshares upped their price objective on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$42.00 to C$54.00 in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, Eldorado Gold has a consensus rating of “Buy” and a consensus price target of C$35.75.

Eldorado Gold Price Performance

Eldorado Gold stock opened at C$35.95 on Friday. Eldorado Gold has a 12 month low of C$18.94 and a 12 month high of C$43.41. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The business has a 50 day simple moving average of C$37.68 and a 200-day simple moving average of C$31.47. The stock has a market capitalization of C$7.31 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 56.20 and a beta of 1.12.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, insider Ryan Swedburg sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$33.43, for a total value of C$205,694.79. Following the sale, the insider owned 2,617 shares of the company’s stock, valued at approximately C$87,486.31. This represents a 70.16% decrease in their ownership of the stock. Also, insider Lynette Gould sold 3,330 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$34.94, for a total value of C$116,360.86. Following the completion of the sale, the insider directly owned 2,635 shares in the company, valued at C$92,075.33. This trade represents a 55.83% decrease in their position. Over the last 90 days, insiders have sold 20,091 shares of company stock valued at $679,773. Insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.