FY2026 EPS Estimates for Eldorado Gold Increased by Analyst

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Investment analysts at Scotiabank increased their FY2026 earnings estimates for shares of Eldorado Gold in a report released on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $2.85 per share for the year, up from their prior forecast of $2.76. Scotiabank has a “Sector Outperform” rating and a $47.00 price objective on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $3.23 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.54 earnings per share (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 during the quarter, compared to analyst estimates of $529.92 million.

A number of other research firms have also recently issued reports on EGO. Zacks Research cut Eldorado Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. Jefferies Financial Group initiated coverage on Eldorado Gold in a report on Thursday. They set a “buy” rating and a $50.00 price target for the company. Citigroup cut Eldorado Gold to a “sector perform” rating in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “neutral” rating to an “outperform” rating in a research report on Sunday, August 9th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Eldorado Gold currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Eldorado Gold Trading Up 1.5%

NYSE EGO opened at $46.39 on Monday. 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 1-year low of $23.33 and a 1-year high of $51.16. The firm’s fifty day simple moving average is $33.82 and its 200-day simple moving average is $35.27. The company has a market capitalization of $12.12 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.34 and a beta of 0.63.

Institutional Investors Weigh In On Eldorado Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in EGO. BlackRock Inc. bought a new stake in shares of Eldorado Gold during the 2nd quarter worth $587,469,000. Van ECK Associates Corp boosted its position in shares of Eldorado Gold by 39.0% during the 2nd quarter. Van ECK Associates Corp now owns 18,678,256 shares of the basic materials company’s stock valued at $580,739,000 after acquiring an additional 5,241,277 shares in the last quarter. L1 Capital Pty Ltd grew its position in Eldorado Gold by 35.2% in the fourth quarter. L1 Capital Pty Ltd now owns 9,640,407 shares of the basic materials company’s stock valued at $346,283,000 after acquiring an additional 2,512,168 shares during the period. Donald Smith & CO. Inc. acquired a new position in Eldorado Gold in the second quarter valued at about $272,580,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Eldorado Gold by 2.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,546,074 shares of the basic materials company’s stock worth $199,274,000 after acquiring an additional 132,170 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Announces Dividend

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 issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. Eldorado Gold’s dividend payout ratio (DPR) is 10.64%.

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.