FY2024 Earnings Estimate for Eldorado Gold Issued By Cormark

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Research analysts at Cormark raised their FY2024 EPS estimates for Eldorado Gold in a report released on Thursday, January 16th. Cormark analyst R. Gray now expects that the company will post earnings per share of $2.19 for the year, up from their previous forecast of $2.01. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share. Cormark also issued estimates for Eldorado Gold’s FY2026 earnings at $3.41 EPS and FY2027 earnings at $5.10 EPS.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.01. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. During the same period last year, the business posted $0.23 EPS.

ELD has been the topic of a number of other research reports. Stifel Nicolaus dropped their price objective on Eldorado Gold from C$28.00 to C$27.00 in a report on Monday, November 25th. National Bankshares dropped their price target on shares of Eldorado Gold from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average price target of C$23.61.

Eldorado Gold Stock Performance

TSE:ELD opened at C$21.23 on Monday. The firm has a market capitalization of C$4.35 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a current ratio of 3.62 and a quick ratio of 2.28. The business’s fifty day moving average price is C$22.23 and its 200 day moving average price is C$22.86. Eldorado Gold has a 12 month low of C$13.10 and a 12 month high of C$26.32.

Eldorado Gold Company Profile

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.