Eldorado Gold (TSE:ELD) PT Raised to C$23.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target raised by Canaccord Genuity Group from C$19.00 to C$23.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other equities analysts have also commented on ELD. National Bank Financial reiterated an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. Stifel Nicolaus lifted their target price on shares of Eldorado Gold from C$17.25 to C$19.50 in a research note on Friday, April 19th. Cormark lowered their target price on shares of Eldorado Gold from C$26.00 to C$25.00 in a research note on Monday, February 26th. Bank of America lifted their target price on shares of Eldorado Gold from C$13.40 to C$16.80 in a research note on Tuesday, April 9th. Finally, Stifel Canada downgraded shares of Eldorado Gold from a buy rating to a hold rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$19.97.

Eldorado Gold Price Performance

Shares of TSE:ELD opened at C$19.72 on Tuesday. The firm has a market cap of C$4.01 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 56.20 and a beta of 1.13. The firm’s fifty day moving average is C$17.76 and its 200-day moving average is C$16.58. The company has a debt-to-equity ratio of 18.60, a quick ratio of 2.28 and a current ratio of 3.39. Eldorado Gold has a 52 week low of C$11.38 and a 52 week high of C$22.01.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.05. The company had revenue of C$417.85 million for the quarter. Eldorado Gold had a net margin of 10.37% and a return on equity of 3.15%. Sell-side analysts predict that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insider Buying and Selling at Eldorado Gold

In other Eldorado Gold news, Senior Officer Sylvain Lehoux sold 5,433 shares of Eldorado Gold stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total value of C$95,498.01. In other Eldorado Gold news, Director George Raymond Burns sold 13,434 shares of Eldorado Gold stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$14.87, for a total value of C$199,806.57. Also, Senior Officer Sylvain Lehoux sold 5,433 shares of Eldorado Gold stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$17.58, for a total transaction of C$95,498.01. Over the last ninety days, insiders sold 41,338 shares of company stock valued at $684,168. Corporate insiders own 0.69% of the company’s stock.

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.