FY2027 EPS Estimates for Eldorado Gold Lowered by Scotiabank

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) – Equities researchers at Scotiabank cut their FY2027 earnings per share (EPS) estimates for Eldorado Gold in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings of $7.14 per share for the year, down from their prior forecast of $7.30. The consensus estimate for Eldorado Gold’s current full-year earnings is $2.15 per share.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 EPS for the quarter. The firm had revenue of C$740.23 million during the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.

Other analysts also recently issued research reports about the stock. ATB Cormark Capital Markets downgraded shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. TD lowered their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets set a C$82.00 price target on Eldorado Gold and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial increased their price target on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.50.

Eldorado Gold Stock Performance

TSE:ELD opened at C$39.16 on Friday. The company has a market cap of C$10.20 billion, a P/E ratio of 13.99, a P/E/G ratio of 56.20 and a beta of 1.41. Eldorado Gold has a twelve month low of C$27.02 and a twelve month high of C$69.46. The company’s 50-day moving average price is C$44.26 and its 200-day moving average price is C$49.95. The company has a current ratio of 1.62, a quick ratio of 2.27 and a debt-to-equity ratio of 28.81.

Insider Activity

In related news, insider Frank Hamilton Herbert sold 17,736 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total transaction of C$765,663.12. Following the completion of the sale, the insider directly owned 19,621 shares in the company, valued at approximately C$847,038.57. This trade represents a 47.48% decrease in their ownership of the stock. Also, insider Christian Milau bought 12,400 shares of Eldorado Gold stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of C$40.17 per share, for a total transaction of C$498,108.00. Following the completion of the purchase, the insider directly owned 43,273 shares of the company’s stock, valued at C$1,738,276.41. This trade represents a 40.16% increase in their ownership of the stock. In the last 90 days, insiders have acquired 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. 0.58% of the stock is owned by insiders.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.