Stifel Nicolaus Increases Eldorado Gold (TSE:ELD) Price Target to C$28.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target upped by Stifel Nicolaus from C$25.00 to C$28.00 in a note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 8.57% from the company’s previous close.

Other analysts also recently issued research reports about the company. Cibc World Mkts upgraded Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group upped their price target on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. Finally, National Bankshares upped their price target on Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Eldorado Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.76.

Eldorado Gold Stock Performance

Shares of ELD opened at C$25.79 on Monday. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The stock has a 50-day moving average of C$23.58 and a two-hundred day moving average of C$22.02. The stock has a market cap of C$5.28 billion, a P/E ratio of 21.49, a P/E/G ratio of 56.20 and a beta of 1.22. Eldorado Gold has a one year low of C$13.10 and a one year high of C$26.32.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.09. The business had revenue of C$406.56 million for the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. As a group, research analysts predict that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Activity

In related news, Senior Officer Ryan Swedburg sold 3,553 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total value of C$83,234.71. In other news, Senior Officer Ryan Swedburg sold 3,553 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$23.43, for a total transaction of C$83,234.71. Also, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. Insiders sold 14,988 shares of company stock worth $334,328 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.