Eldorado Gold FY2026 Earnings Forecast Cut by Scotiabank

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Eldorado Gold in a research note issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $3.85 per share for the year, down from their previous forecast of $3.94. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Several other analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$65.00 to C$70.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. National Bank Financial decreased their price objective on shares of Eldorado Gold from C$74.00 to C$68.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group raised Eldorado Gold to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Bank of America raised Eldorado Gold from an “underperform” rating to a “buy” rating and boosted their target price for the company from C$32.00 to C$54.00 in a report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$58.75.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock opened at C$48.53 on Friday. The company has a quick ratio of 2.27, a current ratio of 1.42 and a debt-to-equity ratio of 28.90. Eldorado Gold has a 52 week low of C$36.62 and a 52 week high of C$69.46. The firm’s 50 day moving average is C$54.28 and its two-hundred day moving average is C$50.99. The firm has a market capitalization of C$12.67 billion, a P/E ratio of 16.40, a P/E/G ratio of 56.20 and a beta of 2.07.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$728.69 million during the quarter. Eldorado Gold had a return on equity of 11.96% and a net margin of 31.67%.

Insiders Place Their Bets

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total value of C$74,798.43. Insiders own 0.58% of the company’s stock.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).