Brokers Issue Forecasts for Eldorado Gold FY2027 Earnings

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities research analysts at Scotiabank cut their FY2027 EPS estimates for shares of Eldorado Gold in a note issued to investors on Thursday, May 14th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $7.30 per share for the year, down from their previous estimate of $7.48. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its earnings results on Thursday, April 30th. The company reported C$0.95 earnings per share for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The firm had revenue of C$740.23 million for the quarter.

A number of other research analysts also recently weighed in on ELD. Canaccord Genuity Group downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. National Bank Financial lifted their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce downgraded Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Stifel Nicolaus raised their price objective on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$63.50.

Eldorado Gold Stock Performance

Shares of ELD opened at C$47.21 on Friday. The company has a 50-day simple moving average of C$47.88 and a two-hundred day simple moving average of C$49.46. The company has a debt-to-equity ratio of 28.81, a current ratio of 1.62 and a quick ratio of 2.28. The firm has a market capitalization of C$12.43 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 56.20 and a beta of 1.62. Eldorado Gold has a one year low of C$24.30 and a one year high of C$69.46.

Insider Transactions at Eldorado Gold

In related news, Director George Raymond Burns purchased 21,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of C$47.34 per share, for a total transaction of C$994,140.00. Following the purchase, the director directly owned 517,356 shares of the company’s stock, valued at approximately C$24,491,633.04. This represents a 4.23% increase in their position. Also, insider Sylvain Lehoux sold 5,899 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$44.89, for a total value of C$264,806.11. Over the last 90 days, insiders purchased 49,672 shares of company stock worth $2,244,697 and sold 127,165 shares worth $5,544,070. 0.58% of the stock is owned by company insiders.

About Eldorado Gold

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.