FY2027 EPS Estimates for Eldorado Gold Lowered by Scotiabank

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Stock analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of Eldorado Gold in a research note issued on Thursday, May 14th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $5.33 per share for the year, down from their previous estimate of $5.46. Scotiabank has a “Sector Outperform” rating and a $56.00 price target on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $4.26 per share.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last posted its earnings results on Thursday, April 30th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Eldorado Gold had a return on equity of 11.60% and a net margin of 28.62%.The business had revenue of $532.43 million during the quarter, compared to analyst estimates of $503.31 million.

A number of other brokerages have also weighed in on EGO. Citigroup lowered Eldorado Gold to a “sector perform” rating in a research report on Monday, May 4th. TD Securities reduced their price target on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Zacks Research cut shares of Eldorado Gold from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. National Bank Financial upgraded shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three 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, Eldorado Gold presently has an average rating of “Hold” and a consensus price target of $44.50.

Eldorado Gold Trading Down 3.3%

Eldorado Gold stock opened at $34.36 on Friday. Eldorado Gold has a one year low of $17.41 and a one year high of $51.16. The business’s fifty day moving average is $34.88 and its 200 day moving average is $35.90. The stock has a market capitalization of $6.82 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.21 and a beta of 0.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18.

Eldorado Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. Eldorado Gold’s dividend payout ratio (DPR) is presently 10.68%.

Institutional Trading of Eldorado Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EGO. Montrusco Bolton Investments Inc. grew its position in shares of Eldorado Gold by 41.1% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 356,975 shares of the basic materials company’s stock valued at $10,311,000 after acquiring an additional 103,975 shares during the period. Ruffer LLP raised its holdings in Eldorado Gold by 29.2% in the 3rd quarter. Ruffer LLP now owns 1,412,740 shares of the basic materials company’s stock worth $40,814,000 after purchasing an additional 319,187 shares during the period. Gabelli Funds LLC lifted its position in Eldorado Gold by 11.8% during the third quarter. Gabelli Funds LLC now owns 1,342,600 shares of the basic materials company’s stock valued at $38,788,000 after purchasing an additional 141,900 shares in the last quarter. TT International Asset Management LTD lifted its position in Eldorado Gold by 1,730.9% during the fourth quarter. TT International Asset Management LTD now owns 751,327 shares of the basic materials company’s stock valued at $26,916,000 after purchasing an additional 710,290 shares in the last quarter. Finally, Sprott Inc. grew its holdings in Eldorado Gold by 3.1% during the third quarter. Sprott Inc. now owns 1,915,378 shares of the basic materials company’s stock valued at $55,335,000 after purchasing an additional 58,013 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Company Profile

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.