Eldorado Gold (TSE:ELD) Sets New 12-Month High on Analyst Upgrade

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) hit a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$50.00 to C$53.00. The company traded as high as C$43.87 and last traded at C$43.55, with a volume of 34870 shares traded. The stock had previously closed at C$43.19.

Other equities analysts have also issued reports about the company. National Bankshares increased their price objective on Eldorado Gold from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Bank of America boosted their price target on Eldorado Gold from C$28.50 to C$33.50 in a research report on Friday, August 29th. Finally, Canaccord Genuity Group raised Eldorado Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, Eldorado Gold currently has an average rating of “Buy” and an average price target of C$40.08.

Insider Buying and Selling

In other news, insider Christian Milau acquired 2,700 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of C$36.99 per share, with a total value of C$99,873.00. Following the purchase, the insider owned 11,290 shares of the company’s stock, valued at approximately C$417,617.10. This represents a 31.43% increase in their ownership of the stock. Also, insider Lynette Gould sold 3,330 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$34.94, for a total value of C$116,360.86. Following the completion of the sale, the insider owned 2,635 shares of the company’s stock, valued at approximately C$92,075.33. This trade represents a 55.83% decrease in their position. Corporate insiders own 0.58% of the company’s stock.

Eldorado Gold Trading Up 1.7%

The company has a quick ratio of 2.28, a current ratio of 3.37 and a debt-to-equity ratio of 23.28. The firm’s 50-day simple moving average is C$39.04 and its 200 day simple moving average is C$33.22. The stock has a market capitalization of C$8.83 billion, a P/E ratio of 24.40, a PEG ratio of 56.20 and a beta of 1.33.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$605.32 million during the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. Equities research analysts anticipate that Eldorado Gold Co. will post 2.1505174 EPS for the current fiscal year.

About Eldorado Gold

Eldorado Gold Corp is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill and Certej projects.