Eldorado Gold Co. (TSE:ELD) Receives C$61.57 Consensus Target Price from Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$61.57.

ELD has been the topic of several recent research reports. ATB Cormark Capital Markets dropped their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Canaccord Genuity Group cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America increased their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Finally, Scotiabank raised shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th.

Eldorado Gold Trading Up 1.0%

Shares of TSE ELD opened at C$45.65 on Wednesday. Eldorado Gold has a twelve month low of C$21.82 and a twelve month high of C$69.46. The firm has a market cap of C$9.07 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 56.20 and a beta of 1.24. The business has a fifty day simple moving average of C$57.49 and a two-hundred day simple moving average of C$47.61. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$767.52 million for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%. Analysts expect that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

In related news, insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the completion of the sale, the insider directly owned 8,427 shares in the company, valued at C$431,630.94. This represents a 39.46% decrease in their position. Also, insider Christian Milau acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average price of C$58.59 per share, with a total value of C$205,065.00. Following the completion of the purchase, the insider directly owned 14,994 shares in the company, valued at C$878,498.46. The trade was a 30.45% increase in their ownership of the stock. 0.58% of the stock is currently owned by company insiders.

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.