Cormark Analysts Boost Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark lifted their Q4 2024 earnings estimates for Eldorado Gold in a report issued on Thursday, January 16th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.82 for the quarter, up from their prior forecast of $0.70. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $1.21 EPS and FY2025 earnings at $2.88 EPS.

A number of other analysts have also recently weighed in on ELD. National Bankshares lowered their price target on Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on shares of Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$23.61.

Eldorado Gold Trading Down 2.3 %

Shares of ELD opened at C$20.96 on Friday. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The stock has a market cap of C$4.29 billion, a PE ratio of 17.47, a PEG ratio of 56.20 and a beta of 1.22. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32. The stock has a 50 day simple moving average of C$22.31 and a 200-day simple moving average of C$22.84.

About Eldorado Gold

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.