National Bank Financial Predicts Eldorado Gold Q3 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Eldorado Gold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings of $0.59 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

ELD has been the topic of several other reports. Cibc World Mkts upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus raised their price objective on shares of Eldorado Gold from C$25.00 to C$28.00 in a report on Monday. Canaccord Genuity Group upped their target price on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd. Finally, National Bankshares increased their target price on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Eldorado Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$23.76.

Eldorado Gold Stock Down 2.6 %

TSE:ELD opened at C$25.13 on Thursday. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. The stock has a 50-day moving average price of C$23.73 and a two-hundred day moving average price of C$22.09. Eldorado Gold has a 1 year low of C$13.10 and a 1 year high of C$26.32. The stock has a market cap of C$5.15 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 56.20 and a beta of 1.22.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. The company had revenue of C$406.56 million for the quarter.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In other Eldorado Gold news, Senior Officer Ryan Swedburg sold 3,553 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71. Also, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. Insiders sold a total of 14,988 shares of company stock worth $334,328 over the last quarter. 0.58% of the stock is currently owned by insiders.

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.