Scotiabank Upgrades Eldorado Gold (TSE:ELD) to “Strong-Buy”

Eldorado Gold (TSE:ELD) (NYSE:EGO) was upgraded by stock analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. BMO Capital Markets increased their price objective on Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from C$42.00 to C$54.00 in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$43.58.

Eldorado Gold Stock Performance

TSE ELD opened at C$65.52 on Monday. The company has a market cap of C$13.17 billion, a P/E ratio of 36.40, a P/E/G ratio of 56.20 and a beta of 1.38. Eldorado Gold has a 1-year low of C$18.94 and a 1-year high of C$69.46. The company has a debt-to-equity ratio of 23.28, a current ratio of 3.37 and a quick ratio of 2.28. The stock has a 50-day moving average of C$49.81 and a two-hundred day moving average of C$40.32.

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

Insider Transactions at Eldorado Gold

In related news, insider Christian Milau purchased 2,700 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of C$36.99 per share, for a total transaction of C$99,873.00. Following the completion of the purchase, the insider owned 11,290 shares in the company, valued at approximately C$417,617.10. This represents a 31.43% increase in their ownership of the stock. 0.58% of the stock is owned by corporate insiders.

Eldorado Gold Company Profile

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.