Eldorado Gold (TSE:ELD) Price Target Lowered to C$40.00 at TD

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price target reduced by TD from C$45.00 to C$40.00 in a research note published on Tuesday,BayStreet.CA reports. TD currently has a hold rating on the stock.

Several other equities analysts have also issued reports on ELD. Royal Bank Of Canada lowered shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the company from C$47.00 to C$48.00 in a report on Tuesday, February 17th. Bank of America lifted their price objective on shares of Eldorado Gold from C$46.25 to C$52.00 in a report on Thursday, February 26th. Stifel Nicolaus lifted their price objective on shares of Eldorado Gold from C$48.00 to C$65.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce downgraded shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets raised their target price on shares of Eldorado Gold from C$59.00 to C$74.00 in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Eldorado Gold has an average rating of “Moderate Buy” and an average price target of C$58.88.

Eldorado Gold Stock Performance

Shares of ELD stock opened at C$50.03 on Tuesday. The firm has a market cap of C$9.91 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 56.20 and a beta of 1.67. The company’s 50 day moving average is C$54.05 and its 200 day moving average is C$48.72. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34. Eldorado Gold has a 52-week low of C$23.99 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 (EPS) for the quarter. The company had revenue of C$767.52 million for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. On average, sell-side analysts anticipate that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insider Buying and Selling at Eldorado Gold

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

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.