Eldorado Gold Co. (TSE:ELD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$20.69.

Several research firms have issued reports on ELD. BMO Capital Markets raised their price target on shares of Eldorado Gold from C$21.00 to C$23.00 in a report on Friday. Stifel Canada cut Eldorado Gold from a “buy” rating to a “hold” rating in a report on Friday, January 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Eldorado Gold in a research report on Monday, April 8th. 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. Finally, Cormark lowered their target price on Eldorado Gold from C$26.00 to C$25.00 in a research report on Monday, February 26th.

Eldorado Gold Stock Performance

Eldorado Gold stock opened at C$20.81 on Tuesday. The business has a 50 day moving average of C$18.20 and a 200-day moving average of C$16.80. 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 has a 1 year low of C$11.38 and a 1 year high of C$22.01. The company has a market capitalization of C$4.23 billion, a P/E ratio of 28.51, a P/E/G ratio of 56.20 and a beta of 1.13.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.33 earnings per share for the quarter, topping the consensus estimate 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%. On average, equities research analysts predict that Eldorado Gold will post 0.9818008 earnings per share for the current year.

Insider Transactions at Eldorado Gold

In related news, Senior Officer Mehmet Yilmaz sold 1,900 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$18.25, for a total value of C$34,675.00. In other news, Director George Raymond Burns sold 13,434 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$14.87, for a total value of C$199,806.57. Also, Senior Officer Mehmet Yilmaz sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$18.25, for a total value of C$34,675.00. Insiders sold a total of 41,338 shares of company stock valued at $684,168 over the last ninety days. 0.69% of the stock is currently owned by insiders.

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.