Eldorado Gold Co. (TSE:ELD) Receives C$58.93 Average Target Price from Brokerages

Shares of Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$58.93.

A number of research firms have issued reports on ELD. Stifel Nicolaus raised their target price on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Royal Bank Of Canada cut Eldorado Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$47.00 to C$48.00 in a research report on Tuesday, February 17th. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday. ATB Cormark Capital Markets cut their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets increased their price target on shares of Eldorado Gold from C$59.00 to C$74.00 in a report on Thursday, January 22nd.

Eldorado Gold Stock Performance

TSE:ELD opened at C$60.16 on Friday. The firm has a market capitalization of C$12.09 billion, a PE ratio of 33.42, a PEG ratio of 56.20 and a beta of 1.44. Eldorado Gold has a 1 year low of C$19.11 and a 1 year high of C$69.46. The company has a current ratio of 3.37, a quick ratio of 2.28 and a debt-to-equity ratio of 23.28. The firm’s fifty day simple moving average is C$56.11 and its 200 day simple moving average is C$44.47.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last released its quarterly earnings results on Thursday, February 19th. The company reported C$3.29 earnings per share (EPS) for the quarter. The company had revenue of C$767.52 million during the quarter. Eldorado Gold had a net margin of 23.32% and a return on equity of 7.60%. On average, sell-side analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current year.

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.