Eldorado Gold (TSE:ELD) Releases Quarterly Earnings Results

Eldorado Gold (TSE:ELD) (NYSE:EGO) released its earnings results on Wednesday. The company reported C$0.70 earnings per share for the quarter, FiscalAI reports. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. The company had revenue of C$728.69 million for the quarter.

Eldorado Gold Trading Up 0.4%

ELD stock opened at C$48.24 on Thursday. The company has a market capitalization of C$12.58 billion, a PE ratio of 17.17, a P/E/G ratio of 56.20 and a beta of 1.68. The firm’s 50-day moving average is C$56.34 and its 200 day moving average is C$51.30. Eldorado Gold has a 12 month low of C$34.50 and a 12 month high of C$69.46. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27.

Insiders Place Their Bets

In other Eldorado Gold news, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$60.37, for a total transaction of C$74,798.43. 0.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. ATB Cormark Capital Markets boosted their price objective on Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Stifel Nicolaus upped their price target on Eldorado Gold from C$65.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. National Bank Financial lifted their target price on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Canadian Imperial Bank of Commerce raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$63.00 to C$57.00 in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$60.50.

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).