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

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$23.76.

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

Insiders Place Their Bets

In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$22.27, for a total value of C$136,611.54. Also, Senior Officer Ryan Swedburg sold 3,553 shares of Eldorado Gold stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$23.43, for a total transaction of C$83,234.71. In the last 90 days, insiders sold 12,571 shares of company stock worth $288,468. 0.58% of the stock is currently 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 company has a market cap of C$4.59 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 56.20 and a beta of 1.22. The business has a fifty day simple moving average of C$23.52 and a 200 day simple moving average of C$22.40. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85.

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.