Cormark Weighs in on Eldorado Gold’s Q1 Earnings (NYSE:EGO)

Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) – Equities researchers at Cormark lowered their Q1 2025 earnings estimates for shares of Eldorado Gold in a report issued on Monday, February 10th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.23 for the quarter, down from their previous 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.

A number of other equities analysts have also issued reports on EGO. TD Securities decreased their price objective on Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating for the company in a research note on Friday. Finally, StockNews.com upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Eldorado Gold Price Performance

Shares of NYSE:EGO opened at $14.52 on Tuesday. The firm’s 50 day moving average is $15.38 and its two-hundred day moving average is $16.41. The firm has a market capitalization of $2.97 billion, a P/E ratio of 10.83 and a beta of 0.93. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. Eldorado Gold has a 52 week low of $9.72 and a 52 week high of $19.06.

Hedge Funds Weigh In On Eldorado Gold

Several hedge funds have recently modified their holdings of EGO. Financial Management Professionals Inc. bought a new position in Eldorado Gold during the third quarter valued at about $32,000. Blue Trust Inc. lifted its holdings in Eldorado Gold by 232.8% in the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,336 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold during the 3rd quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Eldorado Gold in the 4th quarter worth approximately $55,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Eldorado Gold in the 4th quarter worth approximately $113,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Eldorado Gold Company Profile

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.