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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$23.76.

ELD has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday, October 21st. National Bankshares increased their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Canaccord Genuity Group raised their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a research report on Tuesday, July 23rd.

Insider Activity at Eldorado Gold

In related news, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold 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 business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total value of C$136,611.54. In the last three months, insiders have sold 12,571 shares of company stock worth $288,468. 0.58% of the stock is owned by company insiders.

Eldorado Gold Stock Performance

Eldorado Gold has a 1-year low of C$13.10 and a 1-year high of C$26.32. The firm has a market capitalization of C$4.59 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The business’s fifty day simple moving average is C$23.52 and its two-hundred day simple moving average is C$22.40. 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 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.