Eldorado Gold Co. (TSE:ELD) Stock Has Average Target Price of C$61.25

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$61.25.

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 9th. ATB Cormark Capital Markets upped their target price on 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. Bank of America raised Eldorado Gold from an “underperform” rating to a “buy” rating and raised their price target for the stock from C$32.00 to C$54.00 in a research note on Tuesday, September 22nd. Jefferies Financial Group upgraded shares of Eldorado Gold to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of Eldorado Gold from C$55.00 to C$63.00 in a research report on Tuesday, September 22nd.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at C$54.78 on Friday. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The firm has a market cap of C$14.29 billion, a P/E ratio of 19.49, a P/E/G ratio of 56.20 and a beta of 1.68. Eldorado Gold has a 1-year low of C$34.25 and a 1-year high of C$69.46. The firm has a 50-day moving average of C$56.76 and a 200-day moving average of C$49.11.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts expect that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Buying and Selling at Eldorado Gold

In related news, Director Seda Erdemir sold 1,239 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total transaction of C$74,798.43. Insiders own 0.58% of the company’s stock.

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).