Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) had its price target raised by equities research analysts at National Bankshares from C$18.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 32.45% from the stock’s previous close.
Several other equities analysts have also issued reports on ELD. BMO Capital Markets reissued a “buy” rating and set a C$20.00 price objective on shares of Eldorado Gold in a report on Monday, February 28th. Cormark lifted their price target on Eldorado Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Monday, February 28th. Finally, National Bank Financial decreased their price objective on Eldorado Gold to C$16.00 and set an “outperform” rating for the company in a research note on Wednesday, January 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$15.38.
Shares of ELD traded up C$0.06 during midday trading on Wednesday, reaching C$15.10. 166,539 shares of the stock were exchanged, compared to its average volume of 520,385. The company has a market capitalization of C$2.76 billion and a P/E ratio of -15.92. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 14.06. Eldorado Gold has a 52 week low of C$9.52 and a 52 week high of C$15.73. The company’s 50 day moving average is C$14.18 and its two-hundred day moving average is C$12.51.
In related news, Senior Officer Nicolae Stanca sold 8,518 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of C$14.24, for a total transaction of C$121,262.25. Following the transaction, the insider now directly owns 107,476 shares of the company’s stock, valued at approximately C$1,530,028.34. Also, Senior Officer Peter Dubois Lewis sold 29,314 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of C$14.44, for a total value of C$423,294.16. Following the completion of the sale, the insider now owns 96,520 shares of the company’s stock, valued at C$1,393,748.80. Over the last ninety days, insiders have sold 49,768 shares of company stock worth $716,880.
Eldorado Gold Company Profile (Get Rating)
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products, primarily in Turkey, Canada, Greece, Brazil, and Romania. The company primarily produces gold, as well as silver, lead, zinc, and iron ore. It holds a 100% interest in the Kisladag and Efemcukuru 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 Certej and Bolcana development projects located in Romania; and 100% interest in the Tocantinzinho development project located in Brazil.
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