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

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$21.00 to C$23.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 10.74% from the company’s current price.

A number of other brokerages have also recently weighed in on ELD. Stifel Nicolaus upped their price objective on shares of Eldorado Gold from C$17.25 to C$19.50 in a report on Friday, April 19th. Bank of America upped their price objective on shares of Eldorado Gold from C$13.40 to C$16.80 in a report on Tuesday, April 9th. National Bank Financial restated an “outperform spec overweight” rating on shares of Eldorado Gold in a report on Monday, April 8th. National Bankshares cut their price objective on shares of Eldorado Gold from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, Canaccord Genuity Group upped their price objective on shares of Eldorado Gold from C$19.00 to C$23.00 in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$20.69.

Eldorado Gold Price Performance

ELD stock opened at C$20.77 on Friday. Eldorado Gold has a 1 year low of C$11.38 and a 1 year high of C$22.01. The company has a market cap of C$4.22 billion, a P/E ratio of 28.45, a PEG ratio of 56.20 and a beta of 1.13. The firm has a 50-day moving average of C$18.08 and a 200 day moving average of C$16.72. The company has a debt-to-equity ratio of 18.60, a current ratio of 3.39 and a quick ratio of 2.28.

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

Insider Buying and Selling

In related news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction that occurred 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. In related news, Director George Raymond Burns sold 13,434 shares of the firm’s stock in a transaction that occurred 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 Mehmet Yilmaz sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$16.62, for a total transaction of C$166,225.00. Over the last quarter, insiders have sold 41,338 shares of company stock worth $684,168. 0.69% of the stock is owned by insiders.

About Eldorado Gold

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.