FY2027 EPS Estimate for Eldorado Gold Decreased by Analyst

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities research analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $5.08 per share for the year, down from their previous forecast of $5.33. Scotiabank currently has a “Sector Outperform” rating and a $47.00 price target 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 issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $532.43 million for the quarter, compared to analysts’ expectations of $503.31 million. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.

A number of other analysts have also commented on EGO. Bank of America lifted their price target on Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a report on Thursday, July 9th. Royal Bank Of Canada cut their price objective on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, April 15th. Citigroup lowered Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. Finally, Weiss Ratings lowered Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.83.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $27.98 on Friday. Eldorado Gold has a one year low of $19.70 and a one year high of $51.16. The firm has a 50-day moving average of $31.78 and a 200-day moving average of $36.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18. The company has a market cap of $7.31 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.17 and a beta of 0.62.

Institutional Trading of Eldorado Gold

Institutional investors and hedge funds have recently modified their holdings of the business. TT International Asset Management LTD increased its position in shares of Eldorado Gold by 1,730.9% in the fourth quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock worth $26,916,000 after purchasing an additional 710,290 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Eldorado Gold during the fourth quarter valued at approximately $3,214,000. U S Global Investors Inc. bought a new stake in Eldorado Gold during the fourth quarter valued at approximately $1,796,000. Burney Co. purchased a new position in Eldorado Gold in the 4th quarter worth approximately $2,506,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Eldorado Gold by 41.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 786,300 shares of the basic materials company’s stock worth $28,261,000 after buying an additional 232,000 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Eldorado Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Eldorado Gold’s dividend payout ratio (DPR) is 10.68%.

About Eldorado Gold

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.