Scotiabank Weighs in on Eldorado Gold FY2026 Earnings

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) – Equities researchers at Scotiabank cut their FY2026 earnings per share estimates for Eldorado Gold in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $2.76 per share for the year, down from their prior estimate of $2.99. Scotiabank currently has a “Sector Outperform” rating and a $47.00 target price on the stock. The consensus estimate for Eldorado Gold’s current full-year earnings is $3.87 per share.

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

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets restated an “outperform” rating on shares of Eldorado Gold in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of Eldorado Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Bank of America boosted their price target on shares of Eldorado Gold from $31.00 to $33.00 and gave the stock an “underperform” rating in a research note on Thursday, July 9th. Citigroup cut shares of Eldorado Gold to a “sector perform” rating in a report on Monday, May 4th. Finally, TD Securities reduced their price objective on shares of Eldorado Gold from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.83.

Eldorado Gold Stock Performance

NYSE:EGO opened at $27.73 on Monday. 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 market cap of $7.25 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.17 and a beta of 0.62. The firm’s fifty day moving average price is $31.52 and its 200 day moving average price is $36.13. Eldorado Gold has a 1-year low of $20.15 and a 1-year high of $51.16.

Eldorado Gold Dividend Announcement

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

Hedge Funds Weigh In On Eldorado Gold

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Eldorado Gold during the second quarter worth $32,000. Smartleaf Asset Management LLC purchased a new position in shares of Eldorado Gold in the fourth quarter valued at $33,000. Aventura Private Wealth LLC purchased a new position in shares of Eldorado Gold in the fourth quarter valued at $36,000. Flagship Harbor Advisors LLC acquired a new position in shares of Eldorado Gold during the 4th quarter worth $36,000. Finally, Wexford Capital LP acquired a new position in shares of Eldorado Gold during the 3rd quarter worth $37,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Eldorado Gold Company Profile

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.