FY2025 EPS Estimates for Eldorado Gold Lowered by Scotiabank

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at Scotiabank cut their FY2025 earnings estimates for Eldorado Gold in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $1.26 for the year, down from their previous forecast of $1.57. Scotiabank has a “Sector Perform” rating and a $16.50 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Scotiabank also issued estimates for Eldorado Gold’s FY2026 earnings at $0.95 EPS.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. National Bank Financial raised Eldorado Gold to a “strong-buy” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Eldorado Gold Stock Performance

EGO opened at $16.59 on Monday. The company has a market cap of $3.40 billion, a P/E ratio of 11.85 and a beta of 1.11. The company has a quick ratio of 2.54, a current ratio of 3.37 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $14.76 and its 200-day moving average price is $15.92. Eldorado Gold has a 52-week low of $13.29 and a 52-week high of $19.06.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The company had revenue of $435.70 million for the quarter, compared to analyst estimates of $440.43 million. Eldorado Gold had a return on equity of 8.74% and a net margin of 21.86%.

Institutional Trading of Eldorado Gold

Several large investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its holdings in shares of Eldorado Gold by 2.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,100,980 shares of the basic materials company’s stock valued at $179,942,000 after buying an additional 309,599 shares during the period. Vanguard Group Inc. boosted its position in Eldorado Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,881,402 shares of the basic materials company’s stock worth $117,228,000 after purchasing an additional 136,594 shares in the last quarter. Jennison Associates LLC boosted its position in Eldorado Gold by 17.5% in the 4th quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock worth $105,431,000 after purchasing an additional 1,058,137 shares in the last quarter. Carrhae Capital LLP lifted its stake in shares of Eldorado Gold by 13.9% in the 4th quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock valued at $89,826,000 after purchasing an additional 738,233 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Eldorado Gold by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,971,617 shares of the basic materials company’s stock worth $73,927,000 after buying an additional 74,389 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.