Eldorado Gold (TSE:ELD) PT Set at C$82.00 by BMO Capital Markets

Eldorado Gold (TSE:ELD) (NYSE:EGO) has been given a C$82.00 price objective by stock analysts at BMO Capital Markets in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 75.25% from the stock’s current price.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada lowered Eldorado Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$47.00 to C$48.00 in a research note on Tuesday, February 17th. TD decreased their price target on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research report on Tuesday. Stifel Nicolaus upped their price target on Eldorado Gold from C$48.00 to C$65.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets decreased their target price on shares of Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.50.

Eldorado Gold Stock Performance

TSE ELD opened at C$46.79 on Wednesday. The company’s 50 day moving average is C$53.84 and its 200-day moving average is C$48.70. Eldorado Gold has a 12-month low of C$23.99 and a 12-month high of C$69.46. The company has a quick ratio of 2.28, a current ratio of 1.83 and a debt-to-equity ratio of 30.34. The firm has a market cap of C$9.27 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 56.20 and a beta of 1.67.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its earnings results on Thursday, February 19th. The company reported C$0.86 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 28.00% and a return on equity of 12.40%. The business had revenue of C$767.52 million for the quarter. Sell-side analysts predict that Eldorado Gold will post 2.1505174 earnings per share for the current year.

Insider Transactions at Eldorado Gold

In other Eldorado Gold news, insider Christian Milau bought 3,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average cost of C$58.59 per share, for a total transaction of C$205,065.00. Following the purchase, the insider directly owned 14,994 shares of the company’s stock, valued at C$878,498.46. The trade was a 30.45% increase in their ownership of the stock. Also, insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 8,427 shares in the company, valued at approximately C$431,630.94. This trade represents a 39.46% decrease 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.