Eldorado Gold Co. (TSE:ELD) Given Consensus Recommendation of “Buy” by Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$59.38.

Several brokerages recently issued reports on ELD. ATB Cormark Capital Markets raised their target price on shares of Eldorado Gold from C$45.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Thursday. Canaccord Genuity Group increased their price target on Eldorado Gold from C$45.00 to C$55.00 in a research report on Thursday, August 13th. Stifel Nicolaus upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce upgraded Eldorado Gold from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, National Bank Financial boosted their price objective 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.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$60.62 on Wednesday. Eldorado Gold has a twelve month low of C$34.25 and a twelve month high of C$69.46. The company’s 50 day moving average is C$51.93 and its 200 day moving average is C$48.98. The company has a current ratio of 1.31, a quick ratio of 2.27 and a debt-to-equity ratio of 25.70. The company has a market cap of C$15.81 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 56.20 and a beta of 1.69.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.77 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%. On average, sell-side analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current year.

Insider Activity at Eldorado Gold

In other news, insider Mehmet Yilmaz sold 5,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at C$1,223,460.06. This represents a 15.36% decrease in their position. Also, Director Seda Erdemir sold 1,239 shares of Eldorado Gold stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of C$60.37, for a total value of C$74,798.43. Over the last ninety days, insiders purchased 75 shares of company stock worth $3,347 and sold 23,154 shares worth $1,024,582. 0.58% of the stock is owned by company insiders.

Eldorado Gold Company Profile

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).