Eldorado Gold (TSE:ELD – Free Report) (NYSE:EGO) had its price objective raised by Stifel Nicolaus from C$17.25 to C$19.50 in a report issued on Friday, BayStreet.CA reports.
Several other brokerages also recently issued reports on ELD. Cormark decreased their price target on Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. National Bank Financial restated an outperform spec overweight rating on shares of Eldorado Gold in a research note on Monday, April 8th. Bank of America upped their price objective on Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. National Bankshares reduced their price objective on Eldorado Gold from C$21.00 to C$19.00 and set an outperform rating for the company in a research note on Monday, February 26th. Finally, Stifel Canada downgraded Eldorado Gold from a buy rating to a hold rating in a research note on Friday, January 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eldorado Gold currently has an average rating of Hold and a consensus target price of C$19.11.
Get Our Latest Stock Report on ELD
Eldorado Gold Trading Up 0.8 %
Eldorado Gold (TSE:ELD – Get Free Report) (NYSE:EGO) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.05. Eldorado Gold had a return on equity of 3.15% and a net margin of 10.37%. The business had revenue of C$417.85 million during the quarter. On average, sell-side analysts anticipate that Eldorado Gold will post 0.9818008 earnings per share for the current fiscal year.
Insider Activity
In other news, Director George Raymond Burns sold 13,434 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total transaction of C$199,806.57. In related news, Senior Officer Peter Jonathan Lind sold 9,130 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$18.24, for a total transaction of C$166,531.20. Also, Director George Raymond Burns sold 13,434 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders have sold 41,338 shares of company stock valued at $684,168 in the last 90 days. Insiders own 0.69% of the company’s stock.
Eldorado Gold Company Profile
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.
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