National Bankshares Trims Eldorado Gold (TSE:ELD) Target Price to C$19.00

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) had its price target cut by National Bankshares from C$20.00 to C$19.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on the company. National Bank Financial cut their price objective on Eldorado Gold to C$16.00 and set an outperform rating on the stock in a research report on Wednesday, January 19th. BMO Capital Markets reissued a buy rating and issued a C$20.00 target price on shares of Eldorado Gold in a report on Monday, February 28th. Canaccord Genuity Group increased their target price on Eldorado Gold from C$13.00 to C$17.00 in a report on Friday, April 22nd. TD Securities dropped their target price on Eldorado Gold from C$13.50 to C$12.00 and set a hold rating on the stock in a report on Monday. Finally, Haywood Securities dropped their target price on Eldorado Gold from C$20.50 to C$17.50 and set a buy rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Eldorado Gold has a consensus rating of Buy and an average price target of C$15.25.

Eldorado Gold stock opened at C$12.31 on Tuesday. Eldorado Gold has a twelve month low of C$9.52 and a twelve month high of C$15.73. The stock’s fifty day simple moving average is C$14.19 and its 200-day simple moving average is C$12.72. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 14.06. The firm has a market capitalization of C$2.27 billion and a P/E ratio of -12.74.

Eldorado Gold (TSE:ELDGet Rating) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 24th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.04. The company had revenue of C$308.38 million for the quarter. Sell-side analysts predict that Eldorado Gold will post 1.04 earnings per share for the current year.

In other Eldorado Gold news, Senior Officer Nicolae Stanca sold 9,227 shares of Eldorado Gold stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of C$14.51, for a total value of C$133,883.77. Following the sale, the insider now owns 109,441 shares of the company’s stock, valued at approximately C$1,587,988.91. Also, Senior Officer Peter Dubois Lewis sold 29,314 shares of Eldorado Gold stock in a transaction that occurred on 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 directly owns 96,520 shares in the company, valued at approximately C$1,393,748.80. In the last three months, insiders have sold 49,768 shares of company stock worth $716,880.

About Eldorado Gold (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, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

Featured Articles

Analyst Recommendations for Eldorado Gold (TSE:ELD)

Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.