The significant increase in Eldorado Gold’s future P/E ratio suggests heightened expectations for earnings growth or valuation multiples, while the consensus analyst price target remains effectively unchanged, edging up slightly to CA$35.09.
What's in the News
- Eldorado Gold announced a share repurchase program, aiming to buy back up to 10,159,967 shares (5% of outstanding shares) to enhance shareholder returns.
- From April to July, the company repurchased 3,136,353 shares (1.53%) for CAD 87.15 million, completing a total buyback of 3,198,353 shares (1.56%) for CAD 88.53 million under the previous plan.
- The Board of Directors authorized a new buyback plan.
- The company reported a write-down of assets of $2.48 million in Q2, higher than the $688,000 from the previous year.
- Production guidance for 2025 is maintained at 460,000–500,000 ounces of gold, with strong Q2 results of 133,769 oz (up from 122,319 oz) and 249,662 oz for the first half (up from 239,430 oz).
Valuation Changes
Summary of Valuation Changes for Eldorado Gold
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$34.43 to CA$35.09.
- The Future P/E for Eldorado Gold has significantly risen from 5.81x to 8.18x.
- The Discount Rate for Eldorado Gold remained effectively unchanged, moving only marginally from 6.89% to 6.87%.
Disclaimer
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