Eldorado Gold Co. (TSE:ELD) Receives C$62.50 Consensus PT from Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$62.50.

A number of analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Eldorado Gold from C$45.00 to C$55.00 in a research note on Thursday, August 13th. Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. National Bank Financial upped their price target on Eldorado Gold from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. ATB Cormark Capital Markets downgraded Eldorado Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th.

Insiders Place Their Bets

In related news, insider Mehmet Yilmaz sold 5,000 shares of Eldorado Gold stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$44.42, for a total transaction of C$222,100.00. Following the sale, the insider directly owned 27,543 shares in the company, valued at C$1,223,460.06. This trade represents a 15.36% decrease in their position. Also, insider Per Niklas Frank sold 9,524 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$43.02, for a total transaction of C$409,722.48. Following the completion of the sale, the insider directly owned 16,777 shares of the company’s stock, valued at approximately C$721,746.54. This trade represents a 36.21% decrease in their ownership of the stock. Over the last ninety days, insiders purchased 75 shares of company stock worth $3,347 and sold 21,915 shares worth $949,783. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Trading Up 6.9%

TSE ELD opened at C$62.97 on Friday. Eldorado Gold has a 52 week low of C$31.55 and a 52 week high of C$69.46. The firm has a 50 day moving average of C$47.06 and a two-hundred day moving average of C$48.75. The company has a quick ratio of 2.27, a current ratio of 1.31 and a debt-to-equity ratio of 25.70. The stock has a market capitalization of C$16.42 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 56.20 and a beta of 1.43.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 earnings per share (EPS) for the quarter. The business had revenue of C$692.57 million during the quarter. Eldorado Gold had a net margin of 29.89% and a return on equity of 12.38%. As a group, research analysts expect that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Eldorado Gold Company Profile

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.