Analysts Set Eldorado Gold Co. (TSE:ELD) PT at C$23.76

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Three 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 12 month target price among analysts that have issued a report on the stock in the last year is C$23.76.

Several research firms have recently issued reports on ELD. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bankshares increased their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a research report on Monday, July 29th. Stifel Nicolaus boosted their price target on shares of Eldorado Gold from C$25.00 to C$28.00 in a research report on Monday. Finally, Canaccord Genuity Group increased their price objective on shares of Eldorado Gold from C$23.00 to C$26.50 in a report on Tuesday, July 23rd.

Insider Buying and Selling at Eldorado Gold

In other news, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In other news, Senior Officer Mehmet Yilmaz sold 6,134 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$22.27, for a total transaction of C$136,611.54. Also, Senior Officer Karen Christine Aram sold 2,007 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total value of C$48,473.47. In the last three months, insiders sold 14,988 shares of company stock valued at $334,328. 0.58% of the stock is owned by insiders.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$24.92 on Tuesday. The firm’s 50 day moving average is C$23.79 and its two-hundred day moving average is C$22.11. The firm has a market capitalization of C$5.10 billion, a P/E ratio of 20.77, a PEG ratio of 56.20 and a beta of 1.22. The company has a current ratio of 3.62, a quick ratio of 2.28 and a debt-to-equity ratio of 20.85. Eldorado Gold has a 52 week low of C$13.10 and a 52 week high of C$26.32.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.09. The business had revenue of C$406.56 million during the quarter. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. Analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current year.

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.