FY2027 EPS Estimates for Eldorado Gold Cut by Scotiabank

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Research analysts at Scotiabank lowered their FY2027 EPS estimates for Eldorado Gold in a report released on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $5.04 for the year, down from their previous forecast of $5.08. Scotiabank has a “Sector Outperform” rating and a $47.00 price target on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $3.20 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $529.92 million.

EGO has been the topic of several other research reports. Bank of America raised their target price on Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a research report on Thursday, July 9th. Royal Bank Of Canada reduced their price target on shares of Eldorado Gold from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Citigroup lowered Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. Zacks Research downgraded Eldorado Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus raised Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and an average target price of $43.00.

Eldorado Gold Stock Performance

Shares of EGO stock opened at $42.75 on Friday. The company has a market cap of $11.17 billion, a P/E ratio of 15.16, a PEG ratio of 0.31 and a beta of 0.63. The firm has a fifty day moving average price of $33.26 and a 200 day moving average price of $35.18. The company has a current ratio of 1.31, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. Eldorado Gold has a 12 month low of $22.53 and a 12 month high of $51.16.

Eldorado Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 1st. Eldorado Gold’s dividend payout ratio (DPR) is 10.64%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Savant Capital LLC boosted its position in Eldorado Gold by 2.7% during the fourth quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 371 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Eldorado Gold by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock valued at $1,794,000 after acquiring an additional 582 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Eldorado Gold by 8.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 819 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in Eldorado Gold in the 4th quarter valued at $33,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Eldorado Gold by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,904 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 949 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Eldorado Gold

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.