Analysts Offer Predictions for Eldorado Gold FY2027 Earnings

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Stock analysts at Scotiabank lowered their FY2027 EPS estimates for shares of Eldorado Gold in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $5.08 for the year, down from their previous estimate of $5.33. 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 $3.87 per share.

A number of other equities research analysts have also issued reports on EGO. TD Cowen reduced their target price on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets reissued an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Zacks Research upgraded Eldorado Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. TD Securities reduced their price objective on Eldorado Gold from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, ATB Cormark Capital Markets cut Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.83.

Eldorado Gold Trading Down 0.3%

Shares of EGO opened at $27.94 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $31.65 and a 200-day simple moving average of $36.19. Eldorado Gold has a 1-year low of $19.70 and a 1-year high of $51.16. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.16 and a beta of 0.62.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. The company had revenue of $532.43 million for the quarter, compared to the consensus estimate of $503.31 million. Eldorado Gold had a net margin of 28.62% and a return on equity of 11.60%.

Eldorado Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 2nd. Eldorado Gold’s payout ratio is presently 10.68%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC grew its position in shares of Eldorado Gold by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,896 shares of the basic materials company’s stock worth $284,000 after acquiring an additional 318 shares in the last quarter. Savant Capital LLC raised its position in shares of Eldorado Gold by 2.7% during the 4th quarter. Savant Capital LLC now owns 14,135 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 371 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Eldorado Gold by 0.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 63,081 shares of the basic materials company’s stock worth $1,794,000 after purchasing an additional 582 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Eldorado Gold by 8.7% during the first quarter. EverSource Wealth Advisors LLC now owns 10,216 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 819 shares during the last quarter. Finally, Smartleaf Asset Management LLC acquired a new position in Eldorado Gold in the fourth quarter worth $33,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.