Eldorado Gold (TSE:ELD) Rating Increased to Outperform at Royal Bank of Canada

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a C$20.00 price target on the stock, up from their previous price target of C$14.00. Royal Bank of Canada’s price objective would indicate a potential downside of 10.27% from the stock’s previous close.

Several other research firms have also recently commented on ELD. Canaccord Genuity Group raised their price target on Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. BMO Capital Markets raised their price target on Eldorado Gold from C$21.00 to C$23.00 in a report on Friday, April 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. Bank of America lifted their price objective on Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. Finally, Cormark reduced their price objective on Eldorado Gold from C$26.00 to C$25.00 in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$20.60.

View Our Latest Research Report on ELD

Eldorado Gold Stock Up 1.1 %

ELD opened at C$22.29 on Wednesday. The business has a 50 day moving average price of C$20.48 and a two-hundred day moving average price of C$17.82. The company has a quick ratio of 2.28, a current ratio of 3.50 and a debt-to-equity ratio of 18.65. The company has a market cap of C$4.55 billion, a PE ratio of 26.86, a P/E/G ratio of 56.20 and a beta of 1.23. Eldorado Gold has a 52 week low of C$11.38 and a 52 week high of C$22.58.

Eldorado Gold (TSE:ELDGet Free Report) (NYSE:EGO) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.21 by C$0.15. The business had revenue of C$347.78 million during the quarter. Eldorado Gold had a return on equity of 3.56% and a net margin of 11.45%. As a group, research analysts anticipate that Eldorado Gold will post 1.4664843 EPS for the current year.

Insider Activity

In other Eldorado Gold news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total transaction of C$34,675.00. In other Eldorado Gold news, Senior Officer Joseph Dennis Dick sold 47,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$16.00, for a total transaction of C$751,971.80. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. Insiders sold a total of 329,112 shares of company stock valued at $6,395,966 over the last quarter. Company insiders own 0.70% of the company’s stock.

Eldorado Gold Company Profile

(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 Efem├žukuru 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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