Eldorado Gold (NYSE:EGO) Stock

Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. 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.

Eldorado Gold Corporation Ordinary Shares

Eldorado Gold Corp

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Shares of precious metals stocks are trading lower as gold and silver drop after the US and China agreed to a temporary reduction in most tariffs on each other's goods. This could be driving a rotation out of safe-haven assets.

Eldorado Gold Corporation ("Eldorado" or "the Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice filed by the Company to amend its normal course issuer bid (the "NCIB") effective as of May 6, 2025.
The amendment increases the maximum number of common shares (the "Shares") of the Company that may be repurchased from the current 350,000 Shares to 10,245,474 Shares, representing approximately 5% of the total 204,909,496 Shares issued and outstanding as at, October 31, 2024.
Purchases under the NCIB began on November 8, 2024, and will end no later than July 31, 2025. Under its current NCIB, as of April 30, 2025, the Company has repurchased 224,000 Shares at an average price of $22.60 per Share. Subject to receipt of required approvals, the Company expects to renew its NCIB for a further one-year period upon the expiration of the NCIB on July 31, 2025.

News

Buybacks

Eldorado Gold Announces Amended Normal Course Issuer Bid; Increases The Maximum Number Of Common Shares Of The Company That May Be Repurchased From The Current 350K Shares To 10,245,474 Shares, Representing ~5% Of The Total 204,909,496 Shares Issued And Outstanding As At, October 31, 2024

Eldorado Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.33 by 15.15 percent. This is a 3.7 percent increase over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $355.25 million which beat the analyst consensus estimate of $331.41 million by 7.19 percent. This is a 37.71 percent increase over sales of $257.97 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Eldorado Gold Q1 Adj. EPS $0.28 Misses $0.33 Estimate, Sales $355.25M Beat $331.41M Estimate

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Earnings Scheduled For May 1, 2025

Eldorado Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) is preparing to release its quarterly earnings on Thursday, 2025-05-01. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Eldorado Gold to report an earnings per share (EPS) of $0.48.
Investors in Eldorado Gold are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
The company's EPS beat by $0.06 in the last quarter, leading to a 8.59% drop in the share price on the following day.
Here's a look at Eldorado Gold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.56</td>
<td>0.34</td>
<td>0.26</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.62</td>
<td>0.35</td>
<td>0.33</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-9.0%</td>
<td>-6.0%</td>
<td>2.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1746032466_0.png" alt="eps graph" />
<h3>Eldorado Gold Share Price Analysis</h3>
Shares of Eldorado Gold were trading at $18.69 as of April 29. Over the last 52-week period, shares are up 27.53%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/EGO/earnings">To track all earnings releases for Eldorado Gold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Eldorado Gold's Earnings Preview

SBSW

Shares of gold stocks are trading lower as gold prices drop after President Trump said he has no intention of firing Fed Chair Powell and indicated the final tariff rate with China would be "substantially" lower than the current 145%. These comments could be reducing some macro uncertainty, which recently drove gold to record highs.

Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises <a href="https://www.benzinga.com/topic/donald-trump">of the early 2010s.</a>
Since early March, gold prices — tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) — have climbed an astonishing 19.4%, putting the metal on track for its strongest two-month rally since August 2011.
A perfect storm of macro instability, political friction and investor skepticism about the dollar and U.S. Treasuries is fueling the run.
<h1 class="wp-block-heading">What's Behind The Gold Boom?</h1>
The root of gold's dramatic resurgence lies in a potent mix of fundamental, structural and behavioral drivers.
The U.S. dollar and long-duration Treasuries — once go-to safe havens — have come under pressure in recent weeks amid President Donald Trump's tariff offensive and his escalating feud with Fed Chair Jerome Powell, raising fears over political interference and eroding confidence in U.S. institutions.
In this climate, gold's reputation as a neutral, time-tested store of value is attracting capital seeking stability.
As a result, traditional hedges have faltered. But gold, immune to sovereign missteps and backed by centuries of store-of-value status, has emerged as a refuge for capital looking for shelter from rising macro uncertainty.
Read also: <a href="https://www.benzinga.com/government/regulations/25/04/44899280/are-investors-selling-us-treasuries-as-trump-attacks-powell-heres-what-latest-etf-flows-tell-you">Are Investors Selling US Treasuries As Trump Attacks Powell? Here&#8217;s What Latest ETF Flows Tell You</a>
<h1 class="wp-block-heading">Massive Inflows Into Gold ETFs Confirm Strong Investment Demand</h1>
Investor appetite for gold is clearly visible in the massive inflows into gold-backed exchange-traded funds (ETFs) since mid-January, when Trump made his official return to the White House:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name </th>
<th>Inflows (Mid-January to Mid-April)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>$8.35 billion</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>$3.5 billion</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>$2.46 billion</td>
</tr>
<tr>
<td>ProShares Ultra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGL#NYSE">UGL</a>)</td>
<td>$117 million</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#NYSE">AAAU</a>)</td>
<td>$304.9 million</td>
</tr>
</tbody>
</table>
</figure>
These blockbuster flows signal broad-based institutional and retail demand. According to Goldman Sachs analyst Lina Thomas, the rally is not being fueled by short-term speculators.
"Data suggests the move has occurred without a substantial return of speculative flows," Thomas said. 
"With estimated COMEX speculative positioning still moderate, we view the rally as structurally supported and less exposed to sharp near-term liquidation risk. Thus, we see current levels as a tactically attractive entry point… and believe this reinforces upside risk to our $3,700/toz year-end forecast."
Ed Yardeni, president of Yardeni Research, said the current momentum validates his call from over a year ago. 
"We&#8217;ve been bullish on gold since it broke out above $2,000 per ounce at the end of February 2024. Our $4,000 target by the end of this year looks increasingly realistic. If that happens, then $5,000 would be our target for the end of 2026."
"This situation may come as a crisis for many assets, but for gold, it's a perfect outcome. Inflation fears remain high as the U.S. stock market loses trillions of dollars, and investors are leaning toward physical gold in search of security rather than risky assets like stocks and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)," said Rick Kanda, managing director at The Gold Bullion Company, in an email.
<h1 class="wp-block-heading">Miners Regain Momentum</h1>
The rally is also lifting gold miners, many of which had lagged physical bullion for much of 2024. Now, they're catching up. "Gold has surged to new all-time highs above $3,000/ounce, driven by renewed flows into gold-backed ETFs and continued strong demand from global central banks," VanEck said Monday.
"At the same time, gold miners are beginning to regain leverage to gold prices, emerging as some of the best-performing stocks so far this year."
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up nearly 52% year-to-date, eyeing the strongest annual gain since the fund&#8217;s inception in 2007.
In response to the metal's powerful rally, Bank of America on Monday raised price targets across its North American gold and silver coverage. 
The move comes just ahead of first-quarter earnings season in the precious metals sector, which begins April 23 with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) and continues with Agnico Eagle Mines Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) on April 24.
Here are the new price targets for key names:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>New Target</th>
<th>Previous Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Agnico Eagle Mines </td>
<td>$159</td>
<td>$142</td>
</tr>
<tr>
<td>Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</td>
<td>$23</td>
<td>$19.50</td>
</tr>
<tr>
<td>Kinross Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>)</td>
<td>$17.50</td>
<td>$15</td>
</tr>
<tr>
<td>Newmont Corp. </td>
<td>$70</td>
<td>$60</td>
</tr>
<tr>
<td>B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>)</td>
<td>$3.10</td>
<td>$2.75</td>
</tr>
<tr>
<td>Centerra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>)</td>
<td>$6.50</td>
<td>$5.50</td>
</tr>
<tr>
<td>Eldorado Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>)</td>
<td>$19.50</td>
<td>$17.25</td>
</tr>
<tr>
<td>IAMGOLD Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>)</td>
<td>$9.25</td>
<td>$7.75</td>
</tr>
<tr>
<td>SSR Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>)</td>
<td>$9.75</td>
<td>$8.50</td>
</tr>
<tr>
<td>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>)</td>
<td>$35</td>
<td>$30.50</td>
</tr>
<tr>
<td>New Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>)</td>
<td>$4.55</td>
<td>$4.10</td>
</tr>
<tr>
<td>Pan American Silver Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NASDAQ">PAAS</a>)</td>
<td>$32</td>
<td>$27</td>
</tr>
<tr>
<td>Franco-Nevada Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</td>
<td>$195</td>
<td>$165</td>
</tr>
<tr>
<td>Royal Gold Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)</td>
<td>$183</td>
<td>$164</td>
</tr>
<tr>
<td>Triple Flag Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFPM#NYSE">TFPM</a>)</td>
<td>$27</td>
<td>$24</td>
</tr>
<tr>
<td>Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>)</td>
<td>$100</td>
<td>$86</td>
</tr>
</tbody>
</table>
</figure>
Read Now: 
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<li><a href="https://www.benzinga.com/news/25/04/44886209/if-you-had-bet-on-gold-after-the-1971-nixon-shock-youd-have-beaten-the-sp-500-unless-you-did-this-one-thing">If You Had Bet On Gold After The 1971 Nixon Shock, You&#8217;d Have Beaten The S&amp;P 500 — Unless You Did This One Thing</a></li>
</ul>
Photo: Shutterstock

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Gold Price Soars To Record Highs, Eyes Best 2-Month Rally Since 2011 On Blockbuster ETF Buying

SAND

Shares of gold stocks are trading higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.

Scotiabank analyst Tanya Jakusconek maintains Eldorado Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) with a Sector Perform and raises the price target from $16.5 to $19.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Eldorado Gold, Raises Price Target to $19

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

Shares of precious metals stocks are trading higher as gold and silver gain amid macro uncertainty.

Shares of precious metals stocks are trading higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.

SBWFF

Shares of precious metals stocks are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.The sector is also under pressure amid a rise in the U.S. dollar.

RBC Capital analyst Michael Siperco maintains Eldorado Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) with a Outperform and raises the price target from $20 to $21.

RBC Capital Maintains Outperform on Eldorado Gold, Raises Price Target to $21

BofA Securities analyst Lawson Winder discussed the performance of gold price last week and where it is headed.
Gold prices have exceeded the analyst&#8217;s long-term target of $3,000 per ounce, with the analyst suggesting a potential rise to $3,500 if investment demand grows by 10%.
China&#8217;s insurance sector could allocate up to 1% of its assets to gold, representing about 6% of the annual gold market. Central banks, currently holding around 10% of their reserves in gold, might increase that to over 30% for portfolio efficiency.
Retail investors are also showing increased interest, with physically backed gold ETFs seeing a 4% year-over-year rise across major regions.
Additionally, potential trade policy uncertainty and a weaker U.S. dollar could further drive gold prices higher. A rebalancing of U.S. deficits may also create a bullish outlook for gold, noted the analyst.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44564321/why-mullen-automotives-stock-is-gaining-traction-today" rel="noreferrer noopener">Why Is EV Maker Mullen Automotive Stock Gaining Traction Today?</a>
On March 27, gold surged to a record $3,060/oz after Trump announced a 25% tariff on all imported passenger vehicles not made in the U.S.
The rally continued on March 28, reaching $3,087/oz, fueled by a higher-than-expected Personal Consumption Expenditure (PCE) index report, the Federal Reserve&#8217;s preferred inflation measure.
Gold closed the week up 2.1% at $3,085/oz, while major gold equity indices also gained: S&amp;P/TSX Global Gold Index: +1.9%, Philadelphia Gold and Silver Index: +1.4%, NYSE Arca Gold Bugs Index: +2.0%
All North American gold producers under the analyst&#8217;s coverage have released their year-end 2024 gold reserves, with Eldorado Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) reporting as of September 30 and Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) as of June 30.
While most companies have also provided 2025 production guidance, SSR Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>) has yet to do so. SSRM has been included in the reserve life analysis using reasonable 2025 production estimates.
The analyst noted the reserve lives are trending higher, but this growth is primarily due to a drop in annual gold production rather than a significant increase in reserves.
In 2024, total gold reserves rose by just 1.4%, while production declined by 8%, noted the analyst.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44558639/amazon-secures-nokias-video-technology-in-major-patent-deal" target="_blank" rel="noreferrer noopener">Nokia, Amazon End Patent Dispute With Major Licensing Pact for Streaming Innovation</a></li>
</ul>
Image via Shutterstock.

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Gold Rally Could Gain Momentum With Central Bank Buying And China Allocation, Analyst Says

Shares of precious metals stocks are trading higher amid strength in gold and silver. Gold reached an all-time high.

Shares of precious metals stocks are trading higher amid strength in gold and silver due to tariff uncertainty. Gold reached an all-time high.

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Shares of metal and mining companies are trading lower amid overall market weakness on US consumer and economic concerns.

Eldorado Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.56 by 10.71 percent. This is a 158.33 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $435.70 million which missed the analyst consensus estimate of $440.43 million by 1.07 percent. This is a 41.97 percent increase over sales of $306.90 million the same period last year.

Eldorado Gold Q4 Adj EPS $0.62 Beats $0.56 Estimate, Sales $435.70M Miss $440.43M Estimate

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Earnings Scheduled For February 20, 2025

Shares of precious metals stocks are trading higher as gold and silver prices rise amid US tariffs on steel and aluminum.

Press Releases

Eldorado Gold Investor News: Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO

Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO

Legal

Eldorado Gold Investor News: If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

Eldorado Gold Reports Solid First Quarter 2025 Financial and Operational Results; Skouries Progressing to Plan

Eldorado Gold Announces Amended Normal Course Issuer Bid

Eldorado Gold Publishes 2024 Sustainability Report; Sustainability From the Ground Up

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