Cormark Has Negative Outlook for Eldorado Gold Q1 Earnings

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Stock analysts at Cormark decreased their Q1 2025 earnings per share estimates for shares of Eldorado Gold in a research note issued to investors on Monday, February 10th. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.32. The consensus estimate for Eldorado Gold’s current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold’s Q2 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.29 EPS.

Other equities analysts have also issued research reports about the stock. TD Securities reduced their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, November 4th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a report on Friday. Finally, Scotiabank dropped their price objective on shares of Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Eldorado Gold currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Eldorado Gold Stock Up 4.2 %

EGO opened at $14.52 on Tuesday. The company has a market cap of $2.97 billion, a PE ratio of 10.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold has a 1 year low of $9.72 and a 1 year high of $19.06. The firm has a 50 day moving average price of $15.38 and a 200 day moving average price of $16.41.

Institutional Investors Weigh In On Eldorado Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC grew its position in shares of Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company’s stock worth $105,431,000 after buying an additional 1,058,137 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Eldorado Gold by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company’s stock worth $2,885,000 after acquiring an additional 94,040 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of Eldorado Gold in the 3rd quarter valued at approximately $878,000. JPMorgan Chase & Co. raised its position in shares of Eldorado Gold by 130.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company’s stock valued at $2,607,000 after acquiring an additional 85,053 shares in the last quarter. Finally, Equinox Partners Investment Management LLC lifted its stake in Eldorado Gold by 32.0% during the third quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company’s stock worth $17,185,000 after purchasing an additional 239,800 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.