Eldorado Gold (TSE:ELD) Hits New 1-Year High at $13.38

Eldorado Gold Co. (TSE:ELDGet Free Report) (NYSE:EGO)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.38 and last traded at C$13.37, with a volume of 22111 shares. The stock had previously closed at C$13.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ELD shares. National Bank Financial raised shares of Eldorado Gold from a “sector perform spec overwgt” rating to an “outperform spec overweight” rating in a report on Wednesday, June 7th. Haywood Securities lifted their price target on shares of Eldorado Gold from C$16.50 to C$18.50 in a research note on Monday, July 31st. BMO Capital Markets decreased their price target on shares of Eldorado Gold from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, June 9th. Finally, National Bankshares raised their price objective on shares of Eldorado Gold from C$17.00 to C$17.50 in a report on Monday, July 31st.

Check Out Our Latest Stock Report on ELD

Eldorado Gold Stock Up 3.3 %

The business’s fifty day moving average price is C$13.09 and its 200 day moving average price is C$13.61. The company has a current ratio of 3.75, a quick ratio of 2.28 and a debt-to-equity ratio of 16.50. The firm has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 56.20 and a beta of 1.35.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 27th. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.02. Eldorado Gold had a net margin of 1.00% and a return on equity of 1.03%. The firm had revenue of C$308.76 million for the quarter. On average, equities analysts expect that Eldorado Gold Co. will post 0.7685021 EPS for the current year.

About Eldorado Gold

(Get Free Report)

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 gold mines located in western Turkey; Lamaque gold mines 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.

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