Eldorado Gold Co. (TSE:ELD) Receives C$63.50 Consensus PT from Analysts

Eldorado Gold Co. (TSE:ELD) (NYSE:EGO) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$63.50.

Several analysts have recently commented on the company. National Bank Financial increased their price objective on Eldorado Gold from C$63.00 to C$70.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets cut shares of Eldorado Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, May 4th. TD lowered their target price on Eldorado Gold from C$45.00 to C$40.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, BMO Capital Markets set a C$82.00 price target on shares of Eldorado Gold and gave the stock an “outperform” rating in a report on Wednesday, April 15th.

Eldorado Gold Stock Down 0.3%

TSE:ELD opened at C$45.04 on Tuesday. Eldorado Gold has a fifty-two week low of C$27.53 and a fifty-two week high of C$69.46. The stock has a market capitalization of C$11.73 billion, a P/E ratio of 16.09, a P/E/G ratio of 56.20 and a beta of 1.41. The company has a debt-to-equity ratio of 28.81, a quick ratio of 2.27 and a current ratio of 1.62. The company’s 50-day simple moving average is C$43.87 and its 200-day simple moving average is C$49.78.

Eldorado Gold (TSE:ELD) (NYSE:EGO) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$1.32 earnings per share (EPS) for the quarter. Eldorado Gold had a net margin of 28.71% and a return on equity of 13.69%. The firm had revenue of C$740.23 million for the quarter. On average, equities analysts anticipate that Eldorado Gold will post 2.1505174 earnings per share for the current fiscal year.

Insider Transactions at Eldorado Gold

In related news, Director Daniel Myerson purchased 1,100 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of C$43.71 per share, with a total value of C$48,081.00. Following the acquisition, the director owned 3,941 shares in the company, valued at C$172,261.11. The trade was a 38.72% increase in their ownership of the stock. Also, Director Stephen David Walker bought 600 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of C$48.40 per share, for a total transaction of C$29,040.00. Following the transaction, the director owned 600 shares of the company’s stock, valued at approximately C$29,040. This trade represents a ∞ increase in their ownership of the stock. In the last ninety days, insiders have acquired 47,356 shares of company stock worth $2,091,456 and have sold 143,588 shares worth $6,212,553. 0.58% of the stock is owned by 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.