Eldorado Gold Co. (TSE:ELD) Receives C$22.54 Average Price Target from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$22.54.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada upgraded Eldorado Gold from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$14.00 to C$20.00 in a research report on Wednesday, May 29th. Cibc World Mkts raised Eldorado Gold to a “strong-buy” rating in a report on Wednesday, July 10th. National Bankshares raised their target price on shares of Eldorado Gold from C$26.00 to C$27.00 in a report on Monday, July 29th. Finally, Canaccord Genuity Group upped their price target on shares of Eldorado Gold from C$23.00 to C$26.50 in a research note on Tuesday, July 23rd.

Eldorado Gold Trading Down 1.5 %

Shares of ELD stock opened at C$21.78 on Monday. The company has a debt-to-equity ratio of 20.85, a quick ratio of 2.28 and a current ratio of 3.62. The stock has a fifty day simple moving average of C$22.58 and a two-hundred day simple moving average of C$20.39. The firm has a market capitalization of C$4.46 billion, a PE ratio of 18.30, a PEG 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$25.04.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, July 25th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.09. Eldorado Gold had a return on equity of 4.99% and a net margin of 15.68%. The company had revenue of C$406.56 million for the quarter. On average, analysts predict that Eldorado Gold will post 1.79 EPS for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Karen Christine Aram sold 2,007 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$24.15, for a total transaction of C$48,473.47. In other news, Senior Officer Christos Balaskas sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of C$20.40, for a total transaction of C$204,000.00. Also, Senior Officer Karen Christine Aram sold 2,007 shares of Eldorado Gold stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$24.15, for a total transaction of C$48,473.47. In the last quarter, insiders sold 21,642 shares of company stock worth $448,935. 0.58% of the stock is currently owned by insiders.

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.