FY2024 Earnings Forecast for Eldorado Gold Issued By Cormark

by · The Markets Daily

Eldorado Gold Co. (TSE:ELD – Free Report) (NYSE:EGO) – Equities researchers at Cormark boosted their FY2024 EPS estimates for shares of Eldorado Gold in a research report issued to clients and investors on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the company will earn $2.19 per share for the year, up from their prior estimate 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.

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

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Eldorado Gold Trading Down 0.9 %

Shares of ELD stock opened at C$21.23 on Monday. Eldorado Gold has a 1-year low of C$13.10 and a 1-year high of C$26.32. 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. The firm has a market capitalization of C$4.35 billion, a PE ratio of 17.69, a P/E/G ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last issued its earnings results on Thursday, October 31st. The company reported C$0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.46 by C$0.01. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. During the same quarter in the prior year, the business posted $0.23 earnings per share.

About Eldorado Gold

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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.

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