Analysts Set Eldorado Gold Co. (TSE:ELD) Target Price at C$61.57

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$61.57.

Several brokerages have commented on ELD. Stifel Nicolaus increased their price target on Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. ATB Cormark Capital Markets reduced their price objective 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. Bank of America upped their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Canaccord Genuity Group lowered shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th.

Insider Activity

In other news, insider Christine Tamiko Ohta sold 5,492 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of C$51.22, for a total value of C$281,300.24. Following the sale, the insider directly owned 8,427 shares of the company’s stock, valued at approximately C$431,630.94. This trade represents a 39.46% decrease in their ownership of the stock. Also, insider Christian Milau acquired 3,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average price of C$58.59 per share, for a total transaction of C$205,065.00. Following the completion of the purchase, the insider directly owned 14,994 shares of the company’s stock, valued at C$878,498.46. This trade represents a 30.45% increase in their position. Company insiders own 0.58% of the company’s stock.

Eldorado Gold Stock Performance

ELD opened at C$42.94 on Wednesday. The company has a debt-to-equity ratio of 30.34, a quick ratio of 2.28 and a current ratio of 1.83. The company has a market cap of C$8.53 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 56.20 and a beta of 1.24. The stock has a 50-day moving average of C$57.92 and a 200-day moving average of C$47.30. Eldorado Gold has a 52-week low of C$21.82 and a 52-week high of C$69.46.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 earnings per share for the quarter. Eldorado Gold had a return on equity of 12.40% and a net margin of 28.00%.The business had revenue of C$767.52 million for the quarter. As a group, equities research analysts forecast that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal 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.