Eldorado Gold Co. (TSE:ELD) Receives Average Recommendation of “Hold” from Analysts

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$20.69.

Several brokerages recently issued reports on ELD. Canaccord Genuity Group lifted their target price on Eldorado Gold from C$19.00 to C$23.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus increased their price target on Eldorado Gold from C$17.25 to C$19.50 in a research report on Friday, April 19th. BMO Capital Markets upped their price objective on Eldorado Gold from C$21.00 to C$23.00 in a research note on Friday, April 26th. National Bankshares decreased 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, Cormark decreased their price target on Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th.

Insider Transactions at Eldorado Gold

In related news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction dated 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 other Eldorado Gold news, Senior Officer Christos Balaskas sold 3,186 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$20.29, for a total value of C$64,633.74. Also, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Insiders sold a total of 83,102 shares of company stock worth $1,543,811 over the last three months. 0.70% of the stock is currently owned by insiders.

Eldorado Gold Trading Up 1.1 %

Shares of TSE:ELD opened at C$21.32 on Friday. The stock has a market capitalization of C$4.35 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 56.20 and a beta of 1.23. The company has a debt-to-equity ratio of 18.65, a quick ratio of 2.28 and a current ratio of 3.50. The stock’s 50-day simple moving average is C$20.15 and its two-hundred day simple moving average is C$17.61. Eldorado Gold has a 52-week low of C$11.38 and a 52-week high of C$22.58.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.36 EPS for the quarter, topping the consensus estimate of C$0.21 by C$0.15. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. The firm had revenue of C$347.78 million for the quarter. Analysts expect that Eldorado Gold will post 1.4664843 EPS for the current year.

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.