Scotiabank Analysts Cut Earnings Estimates for Eldorado Gold

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Research analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of Eldorado Gold in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.08 for the year, down from their prior estimate of $5.33. Scotiabank has a “Sector Outperform” rating and a $47.00 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $3.92 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%. The company had revenue of $532.43 million for the quarter, compared to analysts’ expectations of $503.31 million.

A number of other research firms have also weighed in on EGO. BMO Capital Markets restated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Royal Bank Of Canada decreased their target price on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Zacks Research upgraded Eldorado Gold from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, National Bank Financial upgraded Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Hold” and a consensus target price of $41.83.

Eldorado Gold Stock Performance

NYSE:EGO opened at $27.94 on Friday. The company’s 50-day moving average price is $31.65 and its 200-day moving average price is $36.19. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.30 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.16 and a beta of 0.62. Eldorado Gold has a twelve month low of $19.70 and a twelve month high of $51.16.

Institutional Trading of Eldorado Gold

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Eldorado Gold during the 2nd quarter worth approximately $32,000. Smartleaf Asset Management LLC acquired a new position in Eldorado Gold in the fourth quarter valued at approximately $33,000. Aventura Private Wealth LLC purchased a new position in Eldorado Gold in the fourth quarter worth approximately $36,000. Flagship Harbor Advisors LLC purchased a new position in Eldorado Gold in the fourth quarter worth approximately $36,000. Finally, Wexford Capital LP purchased a new position in Eldorado Gold in the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a yield of 1.1%. Eldorado Gold’s payout ratio is 10.68%.

Eldorado Gold Company Profile

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.