Eldorado Gold (TSE:ELD) Given New C$16.00 Price Target at BMO Capital Markets

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Eldorado Gold (TSE:ELD) (NYSE:EGO) had its target price boosted by BMO Capital Markets from C$12.50 to C$16.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 39.74% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Eldorado Gold from C$10.00 to C$13.00 in a research note on Wednesday, August 14th. Canaccord Genuity boosted their price objective on shares of Eldorado Gold from C$7.00 to C$9.00 in a research note on Friday, July 19th. CIBC raised Eldorado Gold from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$3.00 to C$7.00 in a report on Thursday, July 11th. Eight Capital lifted their price objective on shares of Eldorado Gold from C$6.25 to C$10.00 in a research report on Thursday, August 8th. Finally, National Bank Financial upped their price objective on shares of Eldorado Gold from C$11.50 to C$13.50 and gave the company a “sector perform” rating in a report on Thursday, September 5th.

Shares of ELD stock traded up C$0.45 on Wednesday, hitting C$11.45. 1,119,183 shares of the stock were exchanged, compared to its average volume of 1,188,249. The company has a current ratio of 2.20, a quick ratio of 1.29 and a debt-to-equity ratio of 15.24. The firm has a market capitalization of $1.75 billion and a P/E ratio of -5.02. The business has a 50-day moving average of C$11.40 and a 200 day moving average of C$7.51. Eldorado Gold has a fifty-two week low of C$3.36 and a fifty-two week high of C$13.34.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, August 1st. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.04). The business had revenue of C$232.33 million during the quarter, compared to analysts’ expectations of C$223.55 million. As a group, research analysts forecast that Eldorado Gold will post 0.75 EPS for the current fiscal year.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.

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