Eldorado Gold (TSE:ELD) Price Target Cut to C$16.00 by Analysts at Stifel Nicolaus

Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) had its price objective reduced by Stifel Nicolaus from C$16.50 to C$16.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

ELD has been the subject of several other research reports. National Bankshares cut Eldorado Gold from an outperform rating to a sector perform rating and cut their price target for the stock from C$14.00 to C$13.75 in a research note on Tuesday, January 17th. National Bank Financial downgraded shares of Eldorado Gold from an outperform overweight rating to a sector perform spec overwgt rating in a research report on Monday, January 16th. Finally, Canaccord Genuity Group lowered their target price on shares of Eldorado Gold from C$12.00 to C$11.00 in a report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$14.32.

Eldorado Gold Stock Up 0.7 %

Shares of TSE:ELD opened at C$12.36 on Monday. The company has a debt-to-equity ratio of 16.28, a current ratio of 3.61 and a quick ratio of 2.28. The stock has a market cap of C$2.28 billion and a P/E ratio of -3.73. Eldorado Gold has a 1-year low of C$6.87 and a 1-year high of C$15.73. The firm has a fifty day moving average price of C$11.07 and a 200 day moving average price of C$9.04.

Eldorado Gold (TSE:ELD – Get Rating) (NYSE:EGO) last announced its earnings results on Thursday, October 27th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.13). The firm had revenue of C$284.06 million for the quarter. Sell-side analysts predict that Eldorado Gold will post 0.59 EPS for the current year.

Insider Activity at Eldorado Gold

In other Eldorado Gold news, Senior Officer Nicolae Stanca sold 115,047 shares of the company’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of C$10.90, for a total transaction of C$1,254,311.42.

About Eldorado Gold

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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.