Scotiabank Upgrades Eldorado Gold (TSE:ELD) to “Strong-Buy”

Eldorado Gold (TSE:ELD) (NYSE:EGO) was upgraded by equities researchers at Scotiabank from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also weighed in on ELD. BMO Capital Markets increased their target price on Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group raised shares of Eldorado Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$42.00 to C$54.00 in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$43.58.

Eldorado Gold Trading Up 4.5%

Shares of Eldorado Gold stock opened at C$66.12 on Monday. The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. Eldorado Gold has a fifty-two week low of C$18.94 and a fifty-two week high of C$69.46. The firm has a market cap of C$13.29 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 56.20 and a beta of 1.38. The business has a fifty day simple moving average of C$49.28 and a 200-day simple moving average of C$40.05.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its earnings results on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$605.32 million for the quarter. Eldorado Gold had a return on equity of 7.60% and a net margin of 23.32%. On average, equities analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Christian Milau bought 2,700 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of C$36.99 per share, for a total transaction of C$99,873.00. Following the purchase, the insider owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This trade represents a 31.43% increase in their position. 0.58% of the stock is owned by company insiders.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.