Eldorado Gold Co. (TSE:ELD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$20.69.

Several equities analysts recently commented on the stock. Cormark cut their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. BMO Capital Markets upped their price objective on shares of Eldorado Gold from C$21.00 to C$23.00 in a research report on Friday. National Bankshares decreased their target price on Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Canaccord Genuity Group boosted their price objective on Eldorado Gold from C$19.00 to C$23.00 in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price target on shares of Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. In related news, Senior Officer Mehmet Yilmaz sold 10,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$16.62, for a total value of C$166,225.00. Also, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total transaction of C$199,806.57. Insiders sold a total of 41,338 shares of company stock valued at $684,168 over the last quarter. Corporate insiders own 0.69% of the company’s stock.

Eldorado Gold Stock Up 0.2 %

Eldorado Gold stock opened at C$20.81 on Tuesday. The firm has a market cap of C$4.23 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 56.20 and a beta of 1.13. The firm has a fifty day moving average price of C$18.20 and a two-hundred day moving average price of C$16.80. Eldorado Gold has a fifty-two week low of C$11.38 and a fifty-two week high of C$22.01. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.05. The firm had revenue of C$417.85 million for the quarter. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. As a group, analysts forecast that Eldorado Gold will post 0.9818008 earnings per share for the current year.

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.