National Bank Financial Forecasts Eldorado Gold Q4 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Investment analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Eldorado Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will post earnings of $0.69 per share for the quarter. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share.

A number of other research analysts also recently commented on the stock. Scotiabank cut their target price on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. StockNews.com raised shares of Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, TD Securities cut their price target on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Eldorado Gold Stock Performance

Shares of NYSE:EGO opened at $14.50 on Thursday. The firm’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $16.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold has a one year low of $9.72 and a one year high of $19.06. The firm has a market cap of $2.97 billion, a PE ratio of 10.82 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its stake in Eldorado Gold by 65.0% in the 3rd quarter. Jennison Associates LLC now owns 6,032,048 shares of the basic materials company’s stock worth $104,777,000 after purchasing an additional 2,376,241 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Eldorado Gold by 648.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,649,986 shares of the basic materials company’s stock worth $39,408,000 after buying an additional 2,296,018 shares during the last quarter. Carrhae Capital LLP lifted its stake in shares of Eldorado Gold by 13.9% during the fourth quarter. Carrhae Capital LLP now owns 6,040,730 shares of the basic materials company’s stock worth $89,826,000 after buying an additional 738,233 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Eldorado Gold during the fourth quarter valued at $6,973,000. Finally, Heartland Advisors Inc. acquired a new position in shares of Eldorado Gold in the 4th quarter valued at $4,709,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.