Eldorado Gold Co. (TSE:ELD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$63.50.

Several equities analysts have weighed in on the company. National Bank Financial raised their target price on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Canaccord Genuity Group lowered Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. BMO Capital Markets set a C$82.00 target price on Eldorado Gold and gave the company an “outperform” rating in a report on Wednesday, April 15th. Finally, TD cut their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th.

Eldorado Gold Stock Performance

TSE:ELD opened at C$46.58 on Monday. The stock’s 50 day moving average price is C$45.82 and its 200 day moving average price is C$50.06. Eldorado Gold has a 52 week low of C$26.74 and a 52 week high of C$69.46. The company has a market capitalization of C$12.27 billion, a P/E ratio of 16.64, a P/E/G ratio of 56.20 and a beta of 1.62. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.28 and a current ratio of 1.62.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 EPS for the quarter. Eldorado Gold had a return on equity of 13.69% and a net margin of 28.71%.The firm had revenue of C$740.23 million for the quarter. On average, research analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 61,327 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$43.17, for a total transaction of C$2,647,486.59. Following the transaction, the director owned 502,605 shares in the company, valued at C$21,697,457.85. This trade represents a 10.87% decrease in their ownership of the stock. Also, insider Paul Anthony Ferneyhough sold 6,808 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of C$43.17, for a total value of C$293,901.36. Following the transaction, the insider owned 43,940 shares in the company, valued at approximately C$1,896,889.80. This trade represents a 13.42% decrease in their position. Over the last 90 days, insiders have acquired 47,281 shares of company stock valued at $2,088,108 and have sold 127,165 shares valued at $5,544,070. 0.58% of the stock is currently owned by company insiders.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.