Eldorado Gold Co. to Post Q1 2024 Earnings of $0.21 Per Share, Cormark Forecasts (TSE:ELD)

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Cormark lowered their Q1 2024 earnings estimates for Eldorado Gold in a research note issued on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.21 for the quarter, down from their prior estimate of $0.28. The consensus estimate for Eldorado Gold’s current full-year earnings is $0.98 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. The company had revenue of C$417.85 million during the quarter.

Several other analysts have also commented on ELD. Stifel Canada lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Stifel Nicolaus lifted their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday. Bank of America lifted their price target on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Finally, National Bankshares cut their target price on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and an average price target of C$19.11.

Eldorado Gold Stock Down 5.3 %

ELD stock opened at C$19.59 on Tuesday. The company’s 50 day simple moving average is C$17.66 and its 200-day simple moving average is C$16.53. The firm has a market capitalization of C$3.98 billion, a PE ratio of 26.84, a P/E/G ratio of 56.20 and a beta of 1.13. Eldorado Gold has a 12 month low of C$11.38 and a 12 month high of C$22.01. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28.

Insider Activity

In other news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. In related news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Also, Senior Officer Peter Jonathan Lind sold 9,130 shares of Eldorado Gold stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$18.24, for a total transaction of C$166,531.20. In the last 90 days, insiders have sold 41,338 shares of company stock valued at $684,168. Company insiders own 0.69% of the company’s stock.

About Eldorado Gold

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.