Stifel Nicolaus Raises Eldorado Gold (TSE:ELD) Price Target to C$70.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective increased by equities research analysts at Stifel Nicolaus from C$65.00 to C$70.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 17.71% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. ATB Cormark Capital Markets increased their price objective on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the company a “sector perform” rating in a report on Thursday, September 10th. National Bank Financial boosted their target price on Eldorado Gold from C$65.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Jefferies Financial Group upgraded Eldorado Gold to a “strong-buy” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce raised Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$60.00.

Eldorado Gold Stock Performance

ELD stock traded up C$2.74 on Thursday, reaching C$59.47. The company’s stock had a trading volume of 393,260 shares, compared to its average volume of 777,566. Eldorado Gold has a 52 week low of C$34.25 and a 52 week high of C$69.46. The company has a market capitalization of C$15.51 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69. The firm has a fifty day moving average of C$52.62 and a two-hundred day moving average of C$48.89. The company has a debt-to-equity ratio of 25.70, a current ratio of 1.31 and a quick ratio of 2.27.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its earnings results on Thursday, July 30th. The company reported C$0.77 EPS for the quarter. The firm had revenue of C$692.57 million for the quarter. Eldorado Gold had a return on equity of 12.38% and a net margin of 29.89%. As a group, analysts predict that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, insider Mehmet Yilmaz sold 5,000 shares of Eldorado Gold stock in a transaction on Friday, June 26th. The stock was sold at an average price of C$44.42, for a total value of C$222,100.00. Following the transaction, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. The trade was a 15.36% decrease in their position. Also, insider Per Niklas Frank sold 9,524 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$43.02, for a total value of C$409,722.48. Following the sale, the insider directly owned 16,777 shares in the company, valued at C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Insiders sold a total of 23,154 shares of company stock valued at $1,024,582 in the last three months. 0.58% of the stock is currently owned by corporate insiders.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).