Eldorado Gold (NYSE:EGO) Price Target Increased to $22.50 by Analysts at CIBC

Eldorado Gold (NYSE:EGOFree Report) (TSE:ELD) had its price target hoisted by CIBC from $18.00 to $22.50 in a research report released on Wednesday morning, Benzinga reports. They currently have an outperformer rating on the basic materials company’s stock.

Several other research analysts also recently commented on EGO. Scotiabank boosted their target price on Eldorado Gold from $15.00 to $18.00 and gave the stock a sector perform rating in a report on Thursday, May 23rd. Royal Bank of Canada raised Eldorado Gold from a sector perform rating to an outperform rating and upped their price objective for the stock from $14.00 to $20.00 in a report on Wednesday, May 29th. StockNews.com raised Eldorado Gold from a hold rating to a buy rating in a report on Monday, July 1st. Finally, National Bank Financial reaffirmed an outperform spec overweight rating on shares of Eldorado Gold in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $16.50.

Read Our Latest Report on EGO

Eldorado Gold Stock Up 0.8 %

NYSE EGO opened at $16.17 on Wednesday. The company has a current ratio of 3.50, a quick ratio of 2.52 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $15.34 and its two-hundred day moving average is $13.76. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 0.29 and a beta of 0.92. Eldorado Gold has a 1-year low of $8.30 and a 1-year high of $16.69.

Eldorado Gold (NYSE:EGOGet Free Report) (TSE:ELD) last announced its earnings results on Friday, April 26th. The basic materials company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $257.97 million for the quarter. Eldorado Gold had a return on equity of 4.47% and a net margin of 11.43%. During the same period in the previous year, the firm earned $0.11 earnings per share. Equities analysts forecast that Eldorado Gold will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Eldorado Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new stake in shares of Eldorado Gold during the 4th quarter valued at $35,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $37,000. TD Asset Management Inc increased its position in shares of Eldorado Gold by 0.8% in the 4th quarter. TD Asset Management Inc now owns 533,641 shares of the basic materials company’s stock valued at $6,961,000 after buying an additional 4,478 shares in the last quarter. Tobam bought a new stake in shares of Eldorado Gold in the 4th quarter valued at $68,000. Finally, CIBC Asset Management Inc increased its position in shares of Eldorado Gold by 3.6% in the 4th quarter. CIBC Asset Management Inc now owns 200,114 shares of the basic materials company’s stock valued at $2,606,000 after buying an additional 6,926 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

About Eldorado Gold

(Get Free Report)

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 Efem├žukuru 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.

Further Reading

Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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.