Eldorado Gold (TSE:ELD) Lowered to “Hold” Rating by Canaccord Genuity Group

Eldorado Gold (TSE:ELD) (NYSE:EGO) was downgraded by equities researchers at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other research analysts have also recently weighed in on ELD. Scotiabank raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Stifel Nicolaus upped their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. ATB Cormark Capital Markets decreased their price target on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$47.00 to C$48.00 in a research report on Tuesday. Finally, BMO Capital Markets raised their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$58.93.

Eldorado Gold Stock Down 9.7%

Eldorado Gold stock opened at C$58.84 on Friday. The company has a 50 day moving average of C$55.85 and a 200-day moving average of C$44.09. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. Eldorado Gold has a twelve month low of C$18.94 and a twelve month high of C$69.46. The stock has a market capitalization of C$11.83 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 56.20 and a beta of 1.44.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$3.29 EPS for the quarter. The business had revenue of C$767.52 million for the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. On average, equities research analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Eldorado Gold Company Profile

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