Scotiabank Brokers Lift Earnings Estimates for Eldorado Gold

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities researchers at Scotiabank increased their FY2026 earnings per share (EPS) estimates for Eldorado Gold in a report released on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $3.06 per share for the year, up from their previous estimate of $2.06. Scotiabank currently has a “Sector Perform” rating and a $33.00 target price on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

EGO has been the subject of several other reports. CIBC increased their price objective on Eldorado Gold from $32.00 to $46.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Bank of America increased their price target on Eldorado Gold from $25.00 to $28.00 and gave the stock an “underperform” rating in a report on Thursday, October 16th. National Bankshares reaffirmed an “outperform” rating on shares of Eldorado Gold in a report on Wednesday, July 16th. Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Eldorado Gold presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Eldorado Gold Price Performance

EGO stock opened at $25.63 on Friday. The company has a market capitalization of $5.21 billion, a P/E ratio of 12.88, a PEG ratio of 0.29 and a beta of 0.44. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $30.89. The business has a 50 day simple moving average of $27.12 and a 200-day simple moving average of $22.81. The company has a current ratio of 3.23, a quick ratio of 2.65 and a debt-to-equity ratio of 0.28.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.08). The firm had revenue of $436.44 million during the quarter, compared to analyst estimates of $422.25 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new position in shares of Eldorado Gold during the 1st quarter worth $374,000. Allspring Global Investments Holdings LLC raised its stake in shares of Eldorado Gold by 11.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 252,300 shares of the basic materials company’s stock worth $4,242,000 after buying an additional 25,000 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in shares of Eldorado Gold by 43.5% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,802,895 shares of the basic materials company’s stock worth $63,970,000 after buying an additional 1,152,909 shares during the last quarter. LPL Financial LLC raised its stake in shares of Eldorado Gold by 645.2% during the 1st quarter. LPL Financial LLC now owns 167,708 shares of the basic materials company’s stock worth $2,821,000 after buying an additional 145,202 shares during the last quarter. Finally, Amundi raised its stake in shares of Eldorado Gold by 17.7% during the 1st quarter. Amundi now owns 1,289,210 shares of the basic materials company’s stock worth $22,806,000 after buying an additional 193,586 shares during the last quarter. Institutional investors and hedge funds 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.