Eldorado Gold Co. Forecasted to Earn Q1 2024 Earnings of $0.21 Per Share (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark reduced their Q1 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will earn $0.21 per share for the quarter, down from their prior forecast of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. The firm had revenue of C$417.85 million during the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%.

Other equities analysts have also issued reports about the company. Stifel Canada lowered Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. National Bankshares decreased their price target on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Bank of America increased their price target on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Eldorado Gold in a research note on Monday, April 8th. Finally, Canaccord Genuity Group raised their price objective on Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$19.97.

Eldorado Gold Stock Performance

Shares of TSE ELD opened at C$19.72 on Tuesday. The stock has a fifty day moving average price of C$17.76 and a two-hundred day moving average price of C$16.58. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. The firm has a market cap of C$4.01 billion, a P/E ratio of 27.01, a PEG ratio of 56.20 and a beta of 1.13. Eldorado Gold has a 1 year low of C$11.38 and a 1 year high of C$22.01.

Insider Transactions at Eldorado Gold

In other news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In other news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total value of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders sold a total of 41,338 shares of company stock valued at $684,168 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

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.