National Bank Financial Increases Eldorado Gold (TSE:ELD) Price Target to C$70.00

Eldorado Gold (TSE:ELD) (NYSE:EGO) had its price objective upped by equities researchers at National Bank Financial from C$63.00 to C$70.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 49.60% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. ATB Cormark Capital Markets cut their target price on Eldorado Gold from C$100.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Bank of America upped their price target on shares of Eldorado Gold from C$46.25 to C$52.00 in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce cut shares of Eldorado Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. TD dropped their price target on shares of Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus upped their target price on shares of Eldorado Gold from C$48.00 to C$65.00 in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$63.50.

Eldorado Gold Trading Down 1.9%

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

Eldorado Gold (TSE:ELD) (NYSE:EGO) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.86 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. As a group, analysts forecast that Eldorado Gold will post 2.1505174 EPS for the current fiscal year.

Insiders Place Their Bets

In other Eldorado Gold news, insider Christine Tamiko Ohta sold 5,492 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of C$51.22, for a total transaction of C$281,300.24. Following the transaction, the insider owned 8,427 shares in the company, valued at approximately C$431,630.94. This represents a 39.46% decrease in their position. Also, insider Christian Milau bought 3,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price 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 in the company, valued at approximately C$878,498.46. This trade represents a 30.45% increase in their position. Corporate insiders own 0.58% of the company’s stock.

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.