Eldorado Gold Co. (TSE:ELD) Receives C$23.76 Average Target Price from Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$23.76.

Several analysts have recently weighed in on ELD shares. Stifel Nicolaus raised their target price on Eldorado Gold from C$25.00 to C$28.00 in a research note on Monday. Canaccord Genuity Group lifted their price objective on Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd. National Bankshares upped their target price on Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Finally, Cibc World Mkts raised shares of Eldorado Gold to a “strong-buy” rating in a research report on Wednesday, July 10th.

Insider Activity

In other Eldorado Gold news, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In the last ninety days, insiders sold 14,988 shares of company stock worth $334,328. 0.58% of the stock is currently owned by insiders.

Eldorado Gold Stock Performance

Shares of TSE:ELD opened at C$24.92 on Tuesday. The business’s 50-day simple moving average is C$23.79 and its 200 day simple moving average is C$22.11. The company has a market cap of C$5.10 billion, a P/E ratio of 20.77, a PEG ratio of 56.20 and a beta of 1.22. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. 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 data on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.09. The company had revenue of C$406.56 million for the quarter. Eldorado Gold had a net margin of 15.68% and a return on equity of 4.99%. On average, sell-side analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Eldorado Gold Company Profile

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.