Canaccord Genuity Group Forecasts Strong Price Appreciation for Eldorado Gold (TSE:ELD) Stock

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target boosted by Canaccord Genuity Group from C$30.00 to C$42.00 in a report issued on Thursday,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. National Bankshares boosted their price objective on shares of Eldorado Gold from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on shares of Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of C$33.75.

Eldorado Gold Stock Down 0.3%

Shares of ELD opened at C$40.68 on Thursday. Eldorado Gold has a one year low of C$18.94 and a one year high of C$41.70. The company has a market cap of C$8.27 billion, a P/E ratio of 20.44, a P/E/G ratio of 56.20 and a beta of 0.82. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The firm has a 50 day simple moving average of C$34.61 and a two-hundred day simple moving average of C$29.49.

Insiders Place Their Bets

In other Eldorado Gold news, insider Lynette Gould sold 3,330 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$34.94, for a total transaction of C$116,360.86. Following the sale, the insider owned 2,635 shares of the company’s stock, valued at approximately C$92,075.33. The trade was a 55.83% decrease in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,438 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of C$32.56, for a total transaction of C$177,061.28. Following the sale, the insider directly owned 6,408 shares in the company, valued at approximately C$208,644.48. The trade was a 45.91% decrease in their position. Over the last quarter, insiders have sold 20,091 shares of company stock valued at $679,773. 0.58% of the stock is currently owned by 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.