Eldorado Gold (TSE:ELD) Price Target Raised to C$23.00 at Canaccord Genuity Group

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$19.00 to C$23.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 17.05% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Bank of America raised their price target on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Stifel Nicolaus upped their price objective on Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday, April 19th. Stifel Canada cut shares of Eldorado Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Cormark dropped their price target on shares of Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Eldorado Gold currently has an average rating of “Hold” and an average price target of C$19.97.

Eldorado Gold Trading Down 0.4 %

TSE:ELD opened at C$19.65 on Tuesday. The company has a market cap of C$3.99 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. Eldorado Gold has a twelve month low of C$11.38 and a twelve month high of C$22.01. The business has a 50 day moving average price of C$17.85 and a two-hundred day moving average price of C$16.60. The company has a quick ratio of 2.28, a current ratio of 3.39 and a debt-to-equity ratio of 18.60.

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

Insider Buying and Selling

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total transaction of C$34,675.00. Also, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction that occurred 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 the last three months, insiders have sold 41,338 shares of company stock valued at $684,168. 0.69% of the stock is owned by insiders.

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.